ITC Holdings Corp. Company Profile (NYSE:ITC)

About ITC Holdings Corp. (NYSE:ITC)

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 - NEC
  • Sub-Industry: Electric Utilities
  • Symbol: NYSE:ITC
  • CUSIP: 46568510
  • Web: www.itc-holdings.com
Average Prices:
  • 50 Day Moving Avg: $45.50
  • 200 Day Moving Avg: $45.58
  • 52 Week Range: $42.26 - $47.46
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 21.06
  • P/E Growth: 0.00
Profitability:
  • Net Margins: 26.73%
  • Return on Equity: 16.53%
  • Return on Assets: 3.82%
Debt:
  • Debt-to-Equity Ratio: 2.31%
  • Current Ratio: 0.46%
  • Quick Ratio: 0.42%
 

Frequently Asked Questions for ITC Holdings Corp. (NYSE:ITC)

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 were ITC Holdings Corp.'s earnings last quarter?

ITC Holdings Corp. (NYSE:ITC) issued its quarterly earnings results on Thursday, July, 28th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.03. The company had revenue of $298 million for the quarter, compared to analyst estimates of $313 million. ITC Holdings Corp. had a return on equity of 16.53% and a net margin of 26.73%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. View ITC Holdings Corp.'s Earnings History.

Who are some of ITC Holdings Corp.'s key competitors?

Who are ITC Holdings Corp.'s key executives?

ITC Holdings Corp.'s management team includes the folowing people:

  • Joseph L. Welch, Chairman of the Board
  • Linda H. Blair, President, Chief Executive Officer, Director
  • Gretchen Holloway, Chief Financial Officer, Senior Vice President
  • Jon E. Jipping, Chief Operating Officer, Executive Vice President
  • Daniel J. Oginsky, Executive Vice President, Chief Administrative Officer
  • Christine Mason Soneral, Senior Vice President, General Counsel
  • Michael Daranyi, Vice President - Finance, Treasurer
  • Rhys D. Evenden, Director
  • James P. Laurito, Director
  • Barry V. Perry, Director

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.

What is ITC Holdings Corp.'s stock price today?

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


MarketBeat Community Rating for ITC Holdings Corp. (NYSE ITC)
Community Ranking:  2.1 out of 5 ( )
Outperform Votes:  138 (Vote Outperform)
Underperform Votes:  195 (Vote Underperform)
Total Votes:  333
MarketBeat's community ratings are surveys of what our community members think about ITC Holdings Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for ITC Holdings Corp. (NYSE:ITC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for ITC Holdings Corp. (NYSE:ITC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/13/2016Edward JonesDowngradeBuy -> HoldN/AView Rating Details
4/18/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
3/10/2016US Capital AdvisorsDowngradeOverweight -> HoldN/AView Rating Details
2/26/2016GabelliDowngradeBuy -> HoldN/AView Rating Details
2/10/2016J P Morgan Chase & CoBoost Price TargetNeutral$37.00 -> $40.00N/AView Rating Details
2/10/2016WunderlichLower Price TargetBuy$45.00 -> $44.00N/AView Rating Details
2/10/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformN/AView Rating Details
1/9/2016Robert W. BairdUpgradeBuyN/AView Rating Details
12/2/2015ArgusDowngradeBuy -> HoldN/AView Rating Details
11/20/2015Citigroup Inc.Initiated CoverageBuy$36.00 -> $36.00N/AView Rating Details
11/6/2015Barclays PLCLower Price TargetEqual Weight$38.00 -> $36.00N/AView Rating Details
(Data available from 8/19/2015 forward)

Earnings

Earnings History for ITC Holdings Corp. (NYSE:ITC)
Earnings by Quarter for ITC Holdings Corp. (NYSE:ITC)
Earnings History by Quarter for ITC Holdings Corp. (NYSE ITC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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$0.51$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$1.30$1.32$265.79 million$255.36 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

Dividends

Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
Most Recent Dividend:9/15/2016
Annual Dividend:$0.86
Dividend Yield:1.89%
Dividend Growth:3.30% (3 Year Average)
Payout Ratio:55.84% (Trailing 12 Months of Earnings)
40.38% (Based on This Year's Estimates)
39.81% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for ITC Holdings Corp. (NYSE:ITC)

Dividend History by Quarter 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 and Institutional Ownership History for ITC Holdings Corp. (NYSE:ITC)
Insider Ownership Percentage: 3.20%
Institutional Ownership Percentage: 84.21%
Insider Trades by Quarter for ITC Holdings Corp. (NYSE:ITC)
Institutional Ownership by Quarter for ITC Holdings Corp. (NYSE:ITC)
Insider Trades by Quarter for ITC Holdings Corp. (NYSE:ITC)
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

Headline Trends for ITC Holdings Corp. (NYSE:ITC)
Latest Headlines for ITC Holdings Corp. (NYSE:ITC)
Source:
DateHeadline
msn.com logoWant a piece of PSU stocks? 22-company ETF Bharat-22 is here
www.msn.com - August 5 at 1:17 AM
bloomberg.com logoCasino Hotel Aimed at China's Ultra Rich Is Struggling to Open
www.bloomberg.com - August 3 at 12:11 AM
bloomberg.com logoA Canadian Utility Nabs US Assets in $3.4 Billion Deal - Bloomberg
www.bloomberg.com - July 21 at 12:06 AM
prnewswire.com logoGretchen Holloway Promoted to Senior Vice President and Chief Financial Officer for ITC Holdings Corp. - PR Newswire (press release)
www.prnewswire.com - July 12 at 5:09 AM
bizjournals.com logoGretchen Holloway Promoted to Senior Vice President and Chief Financial Officer for ITC Holdings Corp.
www.bizjournals.com - July 12 at 12:08 AM
nasdaq.com logoRPT-INTERVIEW-Fortis could top growth goal with new power, LNG projects
www.nasdaq.com - June 6 at 11:20 AM
americanbankingnews.com logoAnalyzing ITC Holdings Corp. (ITC) & El Paso Electric Company (EE)
www.americanbankingnews.com - June 6 at 10:18 AM
prnewswire.com logoITC Announces Michael Daranyi as New Vice President, Finance and Treasurer - PR Newswire (press release)
www.prnewswire.com - June 5 at 10:14 AM
prnewswire.com logoGavial Engineering & Manufacturing, Inc. to Offer ITC Transducers
www.prnewswire.com - May 30 at 5:47 PM
americanbankingnews.com logoITC Holdings Corp. (ITC) Earning Positive Press Coverage, Report Finds
www.americanbankingnews.com - May 2 at 11:46 AM
rttnews.com logoCMS Energy And Consumers Energy EVP And CFO Thomas Webb Named Vice Chairman
www.rttnews.com - May 1 at 6:15 PM
prnewswire.com logoCMS Energy and Consumers Energy Executive Vice President and Chief Financial Officer Tom Webb Named Vice ... - PR Newswire (press release)
www.prnewswire.com - May 1 at 1:14 PM
fool.ca logo2 Dividend-Growth Stocks to Build Wealth in Your RRSP
www.fool.ca - April 27 at 6:34 PM
americanbankingnews.com logoITC Holdings Corp. (ITC) Receiving Positive Media Coverage, Report Finds
www.americanbankingnews.com - April 25 at 4:10 PM
americanbankingnews.com logoITC Holdings Corp. (ITC) Getting Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 20 at 8:11 PM
finance.yahoo.com logoWill India’s GDP Growth Support Market Performance in 2017?
finance.yahoo.com - April 11 at 11:48 AM
businesswire.com logoMotorola Solutions Files Patent Infringement Complaint with U.S. International Trade Commission Against Hytera Communications
www.businesswire.com - March 29 at 10:28 AM
seekingalpha.com logo4 Attractively Valued Canadian Utilities For Dividend Investors
seekingalpha.com - February 23 at 6:00 PM
streetinsider.com logoForm SC 13G/A ITC Holdings Corp. Filed by: MORGAN STANLEY - StreetInsider.com
www.streetinsider.com - February 15 at 6:04 AM
reuters.com logoABN Amro authorized to subpoena more Transmar units in asset search
www.reuters.com - February 14 at 7:26 PM
nasdaq.com logoThornburg Investment Management Inc Buys CVS Health, Canadian Pacific Railway, Yum China ...
www.nasdaq.com - February 11 at 11:03 PM
nasdaq.com logoReaves WH & Co Inc Buys Fortis, PG&E, Atmos Energy, Sells ITC Holdings, Level 3 ... - Nasdaq
www.nasdaq.com - February 9 at 6:55 PM
reuters.com logoBRIEF-ITC Corp was informed by vendor that vendor and Ace Pride Holdings entered into sale and purchase agreement
www.reuters.com - January 27 at 8:06 PM
reuters.com logoITC gets Canadian approval for Ontario-Pennsylvania Lake Erie power line - Reuters
www.reuters.com - January 19 at 7:47 PM

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Chart

ITC Holdings Corp. (ITC) Chart for Saturday, August, 19, 2017

This page was last updated on 8/19/2017 by MarketBeat.com Staff