ITC Holdings

Shares of ITC Holdings Corp. (NYSE: ITC) gained more than 10 percent by Monday afternoon but are still lower by nearly 8 percent year-to-date. Bloomberg reported that ITC Holdings is evaluating strategic alternatives, including a potential sale of itself. The utility space remains ripe...

While the Dow, Nasdaq and S&P 500 all fell more than 2% on Friday, utility companies ITC Holdings (NYSE: ITC) and Progress Energy (NYSE: PGN) reached new 52-week highs of $78.89 and $52.42 per share, respectively. Michigan-based ITC Holdings' Green Power Express project, a “high-voltage...

While the Dow, Nasdaq and S&P 500 all fell more than 2% on Friday, utility companies Dominion Resources (NYSE: D) and Duke Energy (NYSE: DUK) reached new 52-week highs of $51.44 and $20.21 per share, respectively. Dominion Resources has paid a dividend every year since at least 1983. But the...

Wunderlich Securities increased its earnings per share estimates on ITC Holdings (NYSE: ITC) for the next three years. In a research report published today, Wunderlich states, "We are raising our 2013 and 2014 EPS estimates on ITC Holdings (ITC) by $0.19 and $0.10 to $4.88 and $5.61, respectively...

J.P. Morgan reports that while it does not expect material changes to the annual guidance of electric utilities (which it says are typically hesitant to change guidance in the first quarter), there could be one exception: the Overweight-rated ITC Holdings Corp. (NYSE: ITC). “In our view [ITC] may...

In a report published by J.P. Morgan, ITC Holdings' (NYSE: ITC) price target is reduced to $83.00. J.P. Morgan said that after holding meetings in the Midwest with ITC management last week, it reiterates its conviction that ITC shares offer one of the best risk/reward propositions in its coverage...

JP Morgan has lowered the price target on ITC Holdings (NYSE: ITC) from $85 to $83 and maintains its Overweight rating.

Deutsche Bank is out with its report today on ITC Holdings (NYSE: ITC), reiterating Buy. In a note to clients, Deutsche Bank writes, "Within the utility sector, we continue to prefer stocks in the regulated group with higher growth. ITC stands out given expectations for five-year EPS CAGR of about...

ITC Holdings (NYSE: ITC) reported better-than-expected third quarter EPS of $0.75 “versus our estimate of $0.69 and consensus of $0.70,” Wunderlich Securities reports. “The results were driven by higher volumes and better-than-expected cash flow,” Wunderlich Securities writes. “The company...