ITC Holdings Corp. (ITC) : Portland Investment Counsel added new position in ITC Holdings Corp. during the most recent quarter end. The investment management firm now holds 40,426 shares of ITC Holdings Corp. which is valued at $1,879,809 , the company said in a statement filed on Aug 11, 2016 with the SEC.ITC Holdings Corp. makes up approximately 2.67% of Portland Investment Counsel’s portfolio.
Other Hedge Funds, Including , Napier Park Global Capital (us) Lp sold out all of its stake in ITC during the most recent quarter. The investment firm sold 162,980 shares of ITC which is valued $7,578,570.Mycio Wealth Partners boosted its stake in ITC in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 78 shares of ITC Holdings Corp. which is valued at $3,627.Maple-brown Abbott Ltd reduced its stake in ITC by selling 125,882 shares or 46.42% in the most recent quarter. The Hedge Fund company now holds 145,311 shares of ITC which is valued at $6,780,211. ITC Holdings Corp. makes up approx 2.08% of Maple-brown Abbott Ltd’s portfolio. Calvert Investment Management added ITC to its portfolio by purchasing 34,443 company shares during the most recent quarter which is valued at $1,592,644. ITC Holdings Corp. makes up approx 0.08% of Calvert Investment Management’s portfolio.State Of Alaska Department Of Revenue reduced its stake in ITC by selling 22,046 shares or 48.11% in the most recent quarter. The Hedge Fund company now holds 23,781 shares of ITC which is valued at $1,098,920. ITC Holdings Corp. makes up approx 0.11% of State Of Alaska Department Of Revenue’s portfolio.
ITC Holdings Corp. closed down -0.21 points or -0.45% at $46.66 with 6,21,796 shares getting traded on Tuesday. Post opening the session at $46.81, the shares hit an intraday low of $46.44 and an intraday high of $46.96 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, ITC Holdings Corp. reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.54. The company had revenue of $298.00 million for the quarter, compared to analysts expectations of $303.67 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities municipalities cooperatives power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering design and construction; maintenance and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering Design and Construction group is engaged in the design equipment specifications maintenance plans and project engineering for capital operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.