ITC Holdings Corp. Company Profile (NYSE:ITC)

About ITC Holdings Corp.

ITC Holdings Corp. logoITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company's business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.

Industry, Sector and Symbol:
  • Sector: Utilities
  • Industry: Electric Utilities
  • Sub-Industry: Electric Utilities
  • Exchange: NYSE
  • Symbol: ITC
  • CUSIP: 46568510
Key Metrics:
  • Previous Close: $45.50
  • 50 Day Moving Average: $45.50
  • 200 Day Moving Average: $45.69
  • 52-Week Range: $40.39 - $47.46
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.06
  • P/E Growth: 0.00
  • Market Cap: $N/A
Profitability:
  • Net Margins: 22.12%
  • Return on Equity: 19.82%
  • Return on Assets: 4.44%
Debt:
  • Debt-to-Equity Ratio: 2.31%
  • Current Ratio: 0.46%
  • Quick Ratio: 0.42%
Additional Links:
Companies Related to ITC Holdings Corp.:

Analyst Ratings

Consensus Ratings for ITC Holdings Corp. (NYSE:ITC) (?)
Ratings Breakdown: 4 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $43.00 (5.49% downside)

Analysts' Ratings History for ITC Holdings Corp. (NYSE:ITC)
Show:
DateFirmActionRatingPrice TargetDetails
10/13/2016Edward JonesDowngradeBuy -> HoldView Rating Details
4/18/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
3/10/2016US Capital AdvisorsDowngradeOverweight -> HoldView Rating Details
2/26/2016GabelliDowngradeBuy -> HoldView Rating Details
2/10/2016J P Morgan Chase & CoBoost Price TargetNeutral$37.00 -> $40.00View Rating Details
2/10/2016WunderlichLower Price TargetBuy$45.00 -> $44.00View Rating Details
2/10/2016Wells Fargo & CoDowngradeOutperform -> Market PerformView Rating Details
1/9/2016Robert W. BairdUpgradeBuyView Rating Details
12/2/2015ArgusDowngradeBuy -> HoldView Rating Details
11/20/2015Citigroup Inc.Initiated CoverageBuy$36.00 -> $36.00View Rating Details
11/6/2015Barclays PLCLower Price TargetEqual Weight$38.00 -> $36.00View Rating Details
4/13/2015Goldman Sachs Group, Inc. (The)Initiated CoverageSell$34.00View Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for ITC Holdings Corp. (NYSE:ITC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2016        
7/28/2016Q216$0.55$0.58$313.00 million$298.00 millionViewN/AView Earnings Details
4/28/2016Q116$0.50$0.55$282.53 million$280.13 millionViewListenView Earnings Details
2/25/2016Q415$0.56$0.57$320.52 million$224.03 millionViewListenView Earnings Details
11/5/2015Q315$0.53$0.53$305.16 million$273.20 millionViewN/AView Earnings Details
7/30/2015Q215$0.52$0.52$284.75 million$275.05 millionViewListenView Earnings Details
4/30/2015Q115$0.48$0.47$283.07 million$272.50 millionViewN/AView Earnings Details
2/26/2015Q414$0.50$0.48$281.86 million$231.09 millionViewN/AView Earnings Details
10/30/2014Q314$0.47$0.47$273.90 million$270.10 millionViewN/AView Earnings Details
8/6/2014Q214$0.45$0.46$265.01 million$263.20 millionViewN/AView Earnings Details
5/1/2014Q114$0.43$0.44$250.79 million$258.60 millionViewN/AView Earnings Details
2/27/2014Q413$1.28$1.32$265.79 million$255.36 millionViewN/AView Earnings Details
10/31/2013Q313$1.27$1.26$245.82 million$238.80 millionViewN/AView Earnings Details
7/24/2013Q2 2013$1.20$1.20$240.02 million$229.82 millionViewN/AView Earnings Details
4/23/2013Q1 2013$1.13$1.12$232.60 million$217.30 millionViewN/AView Earnings Details
2/27/2013Q4 2012$1.08$1.09$235.67 million$221.60 millionViewN/AView Earnings Details
10/23/2012$1.02$0.98ViewN/AView Earnings Details
7/31/2012$1.00$1.05ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for ITC Holdings Corp. (NYSE:ITC)
Current Year EPS Consensus Estimate: $2.13 EPS
Next Year EPS Consensus Estimate: $2.16 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.49$0.49$0.49
Q2 20161$0.54$0.54$0.54
Q4 20161$0.51$0.51$0.51
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
Annual Dividend:$0.86
Dividend Yield:1.89%
Dividend Growth:3.30% (3 Year Average)
Payout Ratio:55.84% (Based on Trailing 12 Months of Earnings)
40.38% (Based on Current Year Consensus EPS Estimate)
39.81% (Based on Next Year Consensus EPS Estimate)
Track Record:5 Years of Consecutive Dividend Growth

Dividend History for ITC Holdings Corp. (NYSE:ITC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/18/2016quarterly$0.221.83%8/30/20169/1/20169/15/2016
5/20/2016quarterly$0.191.69%5/27/20166/1/20166/15/2016
2/5/2016quarterly$0.191.91%2/26/20163/1/20163/15/2016
11/19/2015quarterly$0.192.34%11/27/201512/1/201512/15/2015
8/20/2015quarterly$0.192.12%8/28/20159/1/20159/15/2015
5/21/2015quarterly$0.161.81%5/28/20156/1/20156/15/2015
2/5/2015quarterly$0.161.53%2/26/20153/2/20153/16/2015
8/13/2014quarterly$0.161.78%8/28/20149/2/20149/15/2014
5/21/2014quarterly$0.141.54%5/29/20146/2/20146/16/2014
2/6/2014quarterly$0.141.7%3/6/20143/10/20143/19/2014
11/13/2013quarterly$0.431.81%11/27/201312/2/201312/16/2013
8/14/2013quarterly$0.431.93%8/29/20139/3/20139/16/2013
5/16/2013quarterly$0.381.69%5/30/20136/3/20136/17/2013
2/14/2013quarterly$0.381.87%2/27/20133/1/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for ITC Holdings Corp. (NYSE:ITC)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 84.21%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/19/2016Albert ErnstDirectorBuy30$45.66$1,369.80View SEC Filing  
8/2/2016Albert ErnstDirectorBuy21$46.24$971.04View SEC Filing  
5/27/2016Soneral Christine MasonSVPSell8,616$44.54$383,756.64View SEC Filing  
5/2/2016Albert ErnstDirectorBuy24$44.05$1,057.20View SEC Filing  
5/2/2016Linda H BlairEVPSell27,246$44.36$1,208,632.56View SEC Filing  
4/29/2016Joseph L WelchCEOSell23,274$43.91$1,021,961.34View SEC Filing  
4/29/2016Soneral Christine MasonSVPSell23,688$44.12$1,045,114.56View SEC Filing  
2/29/2016Albert ErnstDirectorBuy121$40.67$4,921.07View SEC Filing  
9/5/2014Jon E JippingCOOSell19,086$37.75$720,496.50View SEC Filing  
8/28/2014Jon E JippingCOOSell7,311$37.50$274,162.50View SEC Filing  
8/27/2014Jon E JippingCOOSell29,898$37.50$1,121,175.00View SEC Filing  
6/18/2014Cameron M BreadyCFOSell79,575$37.29$2,967,351.75View SEC Filing  
6/3/2014Cameron M BreadyCFOSell40,175$37.49$1,506,160.75View SEC Filing  
6/2/2014William J MuselerDirectorSell3,054$37.47$114,433.38View SEC Filing  
5/7/2014Jon JippingCOOSell30,210$37.27$1,125,926.70View SEC Filing  
3/12/2013Cameron M BreadyCFOSell21,751$86.03$1,871,238.53View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for ITC Holdings Corp. (NYSE:ITC)
DateHeadline
seekingalpha.com logo4 Attractively Valued Canadian Utilities For Dividend Investors (NYSE:ITC)
seekingalpha.com - February 23 at 6:00 PM
News IconUpdate: ITC Eliminates Chinese Truck Tire Tariffs (NYSE:ITC)
www.tirereview.com - February 23 at 6:00 PM
News IconAmy Perlman promoted to VP and controller for ITC Holdings of Novi (NYSE:ITC)
www.theoaklandpress.com - February 23 at 6:00 PM
News IconConsensus Review & Target Check on ITC Holdings Corp. (NYSE ... - Rockville Register (NYSE:ITC)
rockvilleregister.com - February 22 at 6:14 PM
News IconAmy Perlman Promoted to Vice President and Controller for ITC Holdings Corp. (NYSE:ITC)
www.dbusiness.com - February 20 at 5:28 PM
News IconHydropower energy developers Fortis Inc. and Statkraft release 2016 financials (NYSE:ITC)
www.hydroworld.com - February 16 at 9:55 PM
gurufocus.com logoVanguard Group Inc Buys Arconic, Coty, FMC Technologies, Sells LinkedIn, TechnipFMC PLC, ITC Holdings - GuruFocus.com (NYSE:ITC)
www.gurufocus.com - February 15 at 9:09 PM
News IconIs The Sell-Side Predicting That ITC Holdings Corp. (NYSE:ITC) Will Move Higher? - Winfield Review (NYSE:ITC)
winfieldreview.com - February 15 at 9:09 PM
News IconStock Update on Earnings & Estimates for ITC Holdings Corp. (NYSE:ITC) - Aiken Advocate (NYSE:ITC)
aikenadvocate.com - February 15 at 6:04 AM
streetinsider.com logoForm SC 13G/A ITC Holdings Corp. Filed by: MORGAN STANLEY - StreetInsider.com (NYSE:ITC)
www.streetinsider.com - February 15 at 6:04 AM
reuters.com logoABN Amro authorized to subpoena more Transmar units in asset search (NYSE:ITC)
www.reuters.com - February 14 at 7:26 PM
gurufocus.com logoHallmark Capital Management Inc Buys ARRIS International PLC, Great Plains Energy, Delphi Automotive PLC, Sells ... - GuruFocus.com (NYSE:ITC)
www.gurufocus.com - February 14 at 5:07 AM
nasdaq.com logoThornburg Investment Management Inc Buys CVS Health, Canadian Pacific Railway, Yum China ... (NYSE:ITC)
www.nasdaq.com - February 11 at 11:03 PM
finance.yahoo.com logoDividend Investors: Should You Put TransCanada Corporation or Fortis Inc. in Your TFSA? (NYSE:ITC)
ca.finance.yahoo.com - February 10 at 4:59 AM
nasdaq.com logoReaves WH & Co Inc Buys Fortis, PG&E, Atmos Energy, Sells ITC Holdings, Level 3 ... - Nasdaq (NYSE:ITC)
www.nasdaq.com - February 9 at 6:55 PM
News IconITC hits record high after SUUTI sells 2% stake via block deal (NYSE:ITC)
nyhetsbanken.info - February 8 at 12:21 AM
News IconGovt sells 2% SUUTI stake in ITC; FY17 divestment goal in sight (NYSE:ITC)
xboxonezone.com - February 7 at 7:17 PM
News IconGovt kicks of its disinvest program, sells 2% in ITC (NYSE:ITC)
mlbinjurynews.com - February 7 at 7:17 PM
News IconGovt raises just under $1 bn via ITC stake sale (NYSE:ITC)
www.vccircle.com - February 7 at 7:17 PM
News IconGovernment raises Rs 6700 crore in ITC (NYSE:ITC)
www.newindianexpress.com - February 7 at 7:17 PM
News IconGovt offloads 2 per cent stake in ITC to LIC via block deals, raises Rs 6,700 crore (NYSE:ITC)
www.newsnation.in - February 7 at 4:09 AM
News IconGovt sells 2% in ITC held through SUUTI, raises Rs 6,700 cr (NYSE:ITC)
www.india.com - February 7 at 4:09 AM
finance.yahoo.com logoGovernment Sells 2% Stake In ITC To LIC For Rs 6,700 Crore (NYSE:ITC)
in.finance.yahoo.com - February 7 at 4:09 AM
finance.yahoo.com logoYoung Investors: 2 Dividend Stocks to Consider for Your RRSP (NYSE:ITC)
ca.finance.yahoo.com - February 1 at 6:45 PM
News IconCanada's Energy Board Gives Recommendation for Lake Erie Connector Project (NYSE:ITC)
tdworld.com - January 31 at 11:48 PM
einnews.com logoDonald Trump brings uncertainty for Canadian electricity exporters (NYSE:ITC)
ethanol.einnews.com - January 30 at 9:34 PM
finance.yahoo.com logoThis 3-Stock Portfolio Has You Covered (NYSE:ITC)
ca.finance.yahoo.com - January 30 at 10:36 AM
News IconEarnings in Full Force, Analysts Take Aim at ITC Holdings Corp. (NYSE:ITC) - Wall Street Beacon (NYSE:ITC)
wsbeacon.com - January 29 at 4:12 AM
News IconLast year’s returns will be a hard act to follow, managers say (NYSE:ITC)
www.investmentexecutive.com - January 28 at 1:09 AM
bloomberg.com logoAltaGas Joins Canadian Spree in U.S. With $4.6 Billion Deal (2) (NYSE:ITC)
washpost.bloomberg.com - January 27 at 8:06 PM
reuters.com logoBRIEF-ITC Corp was informed by vendor that vendor and Ace Pride Holdings entered into sale and purchase agreement (NYSE:ITC)
www.reuters.com - January 27 at 8:06 PM
gurufocus.com logoJan 26, 2017 - Dearborn Partners Llc Buys Starbucks Corp, Fortis ... - GuruFocus.com (NYSE:ITC)
www.gurufocus.com - January 26 at 7:44 PM
News IconWater Island Capital LLC Increased Holding in Itc Holdings Corp (ITC) as Stock Value Declined (NYSE:ITC)
randolphguide.com - January 26 at 12:25 AM
News IconITC Holdings Corp. (NYSE:ITC) Under Analyst Spotlight - UK Market News (NYSE:ITC)
www.ukmarketnews.co.uk - January 25 at 7:23 PM
News IconITC Receives Positive Recommendation from Canada's National Energy Board for Lake Erie Connector Project (NYSE:ITC)
electricenergyonline.com - January 23 at 10:46 AM
News IconITC Receives Positive Recommendation from Canada’s National Energy Board for Lake Erie Connector Project (NYSE:ITC)
www.itc-holdings.com - January 21 at 2:11 AM
newswire.ca logoITC Receives Positive Recommendation from Canada's National Energy Board for Lake Erie Connector Project - Canada NewsWire (press release) (NYSE:ITC)
www.newswire.ca - January 20 at 4:08 PM
reuters.com logoITC gets Canadian approval for Ontario-Pennsylvania Lake Erie power line - Reuters (NYSE:ITC)
www.reuters.com - January 19 at 7:47 PM
News IconInvestor Market Move: Eton Park Capital Management LP Has ... - Fair View Times (NYSE:ITC)
fairviewtimes.com - January 19 at 7:47 PM
News IconGearing Up For a Bull Run? Analysts Weigh in on ITC Holdings Corp. (NYSE:ITC) - Wall Street Beacon (NYSE:ITC)
wsbeacon.com - January 19 at 7:47 PM
feeds.reuters.com logoITC gets Canadian approval for Ontario-Pennsylvania Lake Erie power line (NYSE:ITC)
feeds.reuters.com - January 19 at 6:02 PM
4-traders.com logoITC : s 1 GW Lake Erie transmission line projects gets US DOE approval (NYSE:ITC)
www.4-traders.com - January 18 at 11:30 PM
News IconStock Perspective: ITC Holdings Corp. (NYSE:ITC) Earnings in View - Aiken Advocate (NYSE:ITC)
aikenadvocate.com - January 17 at 11:02 PM
News IconWorth Watching: Itc Holdings Corp (NYSE:ITC) First Quarter Institutional Investor Sentiment Steady - Baxley Report (NYSE:ITC)
baxleyreport.com - January 17 at 11:02 PM
4-traders.com logoITC : secures US DOE presidential permit for 1GW Lake Erie transmission project (NYSE:ITC)
www.4-traders.com - January 16 at 5:59 PM
News IconITC Wins Key Approval for Major Transmission Line from Ontario through Eastern U.S. (NYSE:ITC)
www.industrialinfo.com - January 16 at 8:47 AM
4-traders.com logoITC : $1 billion power line project one step closer to reality By Jim Martin (NYSE:ITC)
www.4-traders.com - January 14 at 11:05 PM
prnewswire.com logoITC Receives Presidential Permit from U.S. Department of Energy for Lake Erie Connector Project - PR Newswire (press release) (NYSE:ITC)
www.prnewswire.com - January 14 at 5:18 AM
News IconWill The Needle Move For ITC Holdings Corp. (NYSE:ITC) Shares This Earnings Season? - Wall Street Beacon (NYSE:ITC)
wsbeacon.com - January 14 at 5:18 AM
News IconITC wins DOE permit for Lake Erie transmission project (NYSE:ITC)
www.elp.com - January 13 at 7:16 PM

Social

What is ITC Holdings Corp.'s stock symbol?

ITC Holdings Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "ITC."

How often does ITC Holdings Corp. pay dividends? What is the dividend yield for ITC Holdings Corp.?

ITC Holdings Corp. declared a quarterly dividend on Thursday, August 18th. Investors of record on Thursday, September 1st will be given a dividend of $0.2155 per share on Thursday, September 15th. This represents a $0.86 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a positive change from ITC Holdings Corp.'s previous quarterly dividend of $0.19.

Where is ITC Holdings Corp.'s stock going? Where will ITC Holdings Corp.'s stock price be in 2017?

4 analysts have issued twelve-month price targets for ITC Holdings Corp.'s shares. Their forecasts range from $43.00 to $43.00. On average, they expect ITC Holdings Corp.'s share price to reach $43.00 in the next twelve months.

When will ITC Holdings Corp. announce their earnings?

ITC Holdings Corp. is scheduled to release their next quarterly earnings announcement on Thursday, November, 3rd 2016.

Who owns ITC Holdings Corp. stock?

ITC Holdings Corp.'s stock is owned by a number of of retail and institutional investors. Top institutional investors include FNY Partners Fund LP (0.00%). Company insiders that own ITC Holdings Corp. stock include Albert Ernst, Joseph L Welch, Linda H Blair and Soneral Christine Mason.

Who bought ITC Holdings Corp. stock? Who is buying ITC Holdings Corp. stock?

ITC Holdings Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including FNY Partners Fund LP.

How do I buy ITC Holdings Corp. stock?

Shares of ITC Holdings Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of ITC Holdings Corp. stock cost?

One share of ITC Holdings Corp. stock can currently be purchased for approximately $45.50.

ITC Holdings Corp. (NYSE:ITC) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for ITC Holdings Corp. (NYSE:ITC)

Earnings History Chart

Earnings by Quarter for ITC Holdings Corp. (NYSE:ITC)

Dividend History Chart

Dividend Payments by Quarter for ITC Holdings Corp. (NYSE:ITC)

Last Updated on 2/26/2017 by MarketBeat.com Staff