About ITC Holdings Corp. (NYSE:ITC)
ITC 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
- Symbol: NYSE:ITC
- CUSIP: 46568510
- Web: www.itc-holdings.com
- 50 Day Moving Avg: $45.50
- 200 Day Moving Avg: $45.58
- 52 Week Range: $42.26 - $47.46
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 21.06
- P/E Growth: 0.00
- Net Margins: 26.73%
- Return on Equity: 16.53%
- Return on Assets: 3.82%
- 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) announced its earnings results on Thursday, July, 28th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.03. The company earned $298 million during the quarter, compared to the consensus estimate of $313 million. ITC Holdings Corp. had a net margin of 26.73% and a return on equity of 16.53%. ITC Holdings Corp.'s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. View ITC Holdings Corp.'s Earnings History.
Who are some of ITC Holdings Corp.'s key competitors?
Some companies that are related to ITC Holdings Corp. include Duke Energy Corporation (DUK), Southern Company (The) (SO), Dominion Energy (D), Exelon Corporation (EXC), American Electric Power Company (AEP), Pacific Gas & Electric Co. (PCG), Consolidated Edison (ED), Edison International (EIX), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), Korea Electric Power Corporation (KEP), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Fortis (FTS), Entergy Corporation (ETR), FirstEnergy Corporation (FE) and Sse Plc (SSE).
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?
MarketBeat Community Rating for ITC Holdings Corp. (NYSE ITC)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.
One share of ITC Holdings Corp. stock can currently be purchased for approximately $45.50.
Earnings History for ITC Holdings Corp. (NYSE:ITC)Earnings History by Quarter for ITC Holdings Corp. (NYSE ITC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/28/2016||Q216||$0.55||$0.58||$313.00 million||$298.00 million||View||N/A|
|4/28/2016||Q116||$0.50||$0.55||$282.53 million||$280.13 million||View||Listen|
|2/25/2016||Q415||$0.56||$0.57||$320.52 million||$224.03 million||View||Listen|
|11/5/2015||Q315||$0.53||$0.53||$305.16 million||$273.20 million||View||N/A|
|7/30/2015||Q215||$0.51||$0.52||$284.75 million||$275.05 million||View||Listen|
|4/30/2015||Q115||$0.48||$0.47||$283.07 million||$272.50 million||View||N/A|
|2/26/2015||Q414||$0.50||$0.48||$281.86 million||$231.09 million||View||N/A|
|10/30/2014||Q314||$0.47||$0.47||$273.90 million||$270.10 million||View||N/A|
|8/6/2014||Q214||$0.45||$0.46||$265.01 million||$263.20 million||View||N/A|
|5/1/2014||Q114||$0.43||$0.44||$250.79 million||$258.60 million||View||N/A|
|2/27/2014||Q413||$1.30||$1.32||$265.79 million||$255.36 million||View||N/A|
|7/24/2013||Q2 2013||$1.20||$1.20||$240.02 million||$229.82 million||View||N/A|
|4/23/2013||Q1 2013||$1.13||$1.12||$232.60 million||$217.30 million||View||N/A|
|2/27/2013||Q4 2012||$1.08||$1.09||$235.67 million||$221.60 million||View||N/A|
Earnings Estimates for ITC Holdings Corp. (NYSE:ITC)
Current Year EPS Consensus Estimate: $2.13 EPS
Next Year EPS Consensus Estimate: $2.16 EPS
Current Dividend Information for ITC Holdings Corp. (NYSE:ITC)
|Most Recent Dividend:||9/15/2016|
|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 History by Quarter for ITC Holdings Corp. (NYSE ITC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for ITC Holdings Corp. (NYSE:ITC)
Insider Ownership Percentage: 3.20%Insider Trades by Quarter for ITC Holdings Corp. (NYSE:ITC)
Institutional Ownership Percentage: 84.21%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/19/2016||Albert Ernst||Director||Buy||30||$45.66||$1,369.80|| |
|8/2/2016||Albert Ernst||Director||Buy||21||$46.24||$971.04|| |
|5/27/2016||Soneral Christine Mason||SVP||Sell||8,616||$44.54||$383,756.64|| |
|5/2/2016||Albert Ernst||Director||Buy||24||$44.05||$1,057.20|| |
|5/2/2016||Linda H Blair||EVP||Sell||27,246||$44.36||$1,208,632.56|| |
|4/29/2016||Joseph L Welch||CEO||Sell||23,274||$43.91||$1,021,961.34|| |
|4/29/2016||Soneral Christine Mason||SVP||Sell||23,688||$44.12||$1,045,114.56|| |
|2/29/2016||Albert Ernst||Director||Buy||121||$40.67||$4,921.07|| |
|9/5/2014||Jon E Jipping||COO||Sell||19,086||$37.75||$720,496.50|| |
|8/28/2014||Jon E Jipping||COO||Sell||7,311||$37.50||$274,162.50|| |
|8/27/2014||Jon E Jipping||COO||Sell||29,898||$37.50||$1,121,175.00|| |
|6/18/2014||Cameron M Bready||CFO||Sell||79,575||$37.29||$2,967,351.75|| |
|6/3/2014||Cameron M Bready||CFO||Sell||40,175||$37.49||$1,506,160.75|| |
|6/2/2014||William J Museler||Director||Sell||3,054||$37.47||$114,433.38|| |
|5/7/2014||Jon Jipping||COO||Sell||30,210||$37.27||$1,125,926.70|| |
|3/12/2013||Cameron M Bready||CFO||Sell||21,751||$86.03||$1,871,238.53|| |
Headline Trends for ITC Holdings Corp. (NYSE:ITC)
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ITC Holdings Corp. (ITC) Chart for Monday, October, 23, 2017