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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Equity to Asset 0.24
ITC's Equity to Asset is ranked higher than
61% of the 913 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.34 vs. ITC: 0.24 )
ITC' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.3
Current: 0.24

0.18
0.3
Interest Coverage 2.95
ITC's Interest Coverage is ranked higher than
69% of the 556 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.47 vs. ITC: 2.95 )
ITC' s 10-Year Interest Coverage Range
Min: 0.41   Max: 1121.79
Current: 2.95

0.41
1121.79
F-Score: 6
Z-Score: 1.17
M-Score: -2.49
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 58.74
ITC's Operating margin (%) is ranked higher than
98% of the 934 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.25 vs. ITC: 58.74 )
ITC' s 10-Year Operating margin (%) Range
Min: 8.58   Max: 52.7
Current: 58.74

8.58
52.7
Net-margin (%) 26.19
ITC's Net-margin (%) is ranked higher than
96% of the 934 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.84 vs. ITC: 26.19 )
ITC' s 10-Year Net-margin (%) Range
Min: -7.87   Max: 31.42
Current: 26.19

-7.87
31.42
ROE (%) 17.13
ITC's ROE (%) is ranked higher than
94% of the 931 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.72 vs. ITC: 17.13 )
ITC' s 10-Year ROE (%) Range
Min: -2.81   Max: 15.42
Current: 17.13

-2.81
15.42
ROA (%) 4.23
ITC's ROA (%) is ranked higher than
85% of the 940 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.92 vs. ITC: 4.23 )
ITC' s 10-Year ROA (%) Range
Min: -1.16   Max: 4.02
Current: 4.23

-1.16
4.02
ROC (Joel Greenblatt) (%) 12.26
ITC's ROC (Joel Greenblatt) (%) is ranked higher than
86% of the 938 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.53 vs. ITC: 12.26 )
ITC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.82   Max: 13.94
Current: 12.26

3.82
13.94
Revenue Growth (3Y)(%) 9.10
ITC's Revenue Growth (3Y)(%) is ranked higher than
86% of the 817 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.20 vs. ITC: 9.10 )
ITC' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 33.8
Current: 9.1

0
33.8
EBITDA Growth (3Y)(%) 10.30
ITC's EBITDA Growth (3Y)(%) is ranked higher than
89% of the 789 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.20 vs. ITC: 10.30 )
ITC' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 48.8
Current: 10.3

0
48.8
EPS Growth (3Y)(%) 15.80
ITC's EPS Growth (3Y)(%) is ranked higher than
89% of the 692 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.80 vs. ITC: 15.80 )
ITC' s 10-Year EPS Growth (3Y)(%) Range
Min: 0   Max: 165.3
Current: 15.8

0
165.3
» ITC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

ITC Guru Trades in Q4 2013

Diamond Hill Capital 42,660 sh (New)
Paul Tudor Jones 4,965 sh (New)
Chuck Royce 250,000 sh (unchged)
John Burbank Sold Out
Ron Baron 5,143,603 sh (-0.69%)
Jean-Marie Eveillard 972,939 sh (-3.64%)
Pioneer Investments 21,583 sh (-4.24%)
Steven Cohen 4,800 sh (-28.76%)
» More
Q1 2014

ITC Guru Trades in Q1 2014

Diamond Hill Capital 511,282 sh (+299.5%)
Chuck Royce 750,000 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Pioneer Investments Sold Out
Jean-Marie Eveillard 2,892,321 sh (-0.91%)
Ron Baron 15,218,535 sh (-1.38%)
» More
Q2 2014

ITC Guru Trades in Q2 2014

Paul Tudor Jones 11,761 sh (New)
Jim Simons 182,800 sh (New)
Diamond Hill Capital 551,112 sh (+7.79%)
Ron Baron 15,218,111 sh (unchged)
Chuck Royce 750,000 sh (unchged)
Jean-Marie Eveillard 1,965,150 sh (-32.06%)
» More
Q3 2014

ITC Guru Trades in Q3 2014

Pioneer Investments 35,554 sh (New)
Jim Simons 200,300 sh (+9.57%)
Diamond Hill Capital 590,792 sh (+7.2%)
Chuck Royce 750,000 sh (unchged)
Paul Tudor Jones Sold Out
Ron Baron 15,141,209 sh (-0.51%)
Jean-Marie Eveillard 1,446,944 sh (-26.37%)
» More
» Details

Insider Trades

Latest Guru Trades with ITC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2014-09-30 Reduce -26.37%0.04%$35.14 - $37.88 $ 39.69%1446944
Jean-Marie Eveillard 2014-06-30 Reduce -32.06%0.09%$34.88 - $37.79 $ 39.67%1965150
John Burbank 2013-12-31 Sold Out 0.04%$30.1 - $34.98 $ 39.624%0
John Burbank 2013-09-30 Reduce -88.55%0.29%$28.77 - $31.91 $ 39.630%12513
John Burbank 2013-06-30 Reduce -51.41%0.41%$28.36 - $30.83 $ 39.633%109237
Jean-Marie Eveillard 2013-06-30 Add 28.08%0.06%$28.36 - $30.83 $ 39.633%1009649
John Burbank 2013-03-31 Add 15.62%0.11%$25.57 - $29.75 $ 39.644%224834
John Burbank 2012-12-31 Add 840.17%0.52%$24.98 - $26.54 $ 39.653%194456
Jean-Marie Eveillard 2012-12-31 Add 235.74%0.13%$24.98 - $26.54 $ 39.653%691198
John Burbank 2012-09-30 New Buy0.07%$23.23 - $25.18 $ 39.664%20683
Jean-Marie Eveillard 2012-09-30 New Buy0.06%$23.23 - $25.18 $ 39.664%205871
John Keeley 2012-09-30 Sold Out 0.01%$23.23 - $25.18 $ 39.664%0
Tom Gayner 2012-06-30 Sold Out 0.3%$22.29 - $26.14 $ 39.664%0
John Keeley 2012-06-30 Reduce -97.42%0.26%$22.29 - $26.14 $ 39.664%4408
John Burbank 2012-06-30 Sold Out 0.0026%$22.29 - $26.14 $ 39.664%0
John Keeley 2012-03-31 Reduce -74.19%0.82%$24.14 - $25.95 $ 39.668%171175
Tom Gayner 2012-03-31 Reduce -51.96%0.36%$24.14 - $25.95 $ 39.668%83200
George Soros 2011-09-30 Sold Out 0.0029%$22.03 - $25.82 $ 39.662%0
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on ITC Holdings Corp

Diamond Hill Capital Comments on ITC Holdings Corp - Jun 26, 2014

Electric utility provider ITC Holdings Corp. (ITC) is the only pure play independent electricity transmission company in the country. The company has a strong management team and is able to earn a high return on investment due to the federal government’s interest in promoting investment in electricity transmission following years of underinvestment.



From Diamond Hill Capital's Small Cap Fund Commentary – First Quarter 2014.



Check out Diamond Hill Capital latest stock trades

Baron Funds Comments on ITC Holdings Corp - May 21, 2014

ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the first quarter in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin)





From Baron Funds' first quarter 2014 letter to shareholders.



Check out Ron Baron latest stock trades

Baron Funds Comments on ITC Holdings Corp - May 02, 2014

ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin)



From Baron Funds' first quarter 2014 letter to investors.



Check out Ron Baron latest stock trades

Ron Baron Comments on ITC Holdings Corp. - Apr 24, 2013

Independent electricity transmission provider ITC Holdings Corp. (ITC) has already borne the significant regulatory expense related to a proposed acquisition that we believe will allow ITC to double its growth opportunities and earn unusually attractive returns on invested capital.

From Ron Baron’s Baron Funds first quarter 2013 investor letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about ITC Holdings Corp

Diamond Hill Capital Comments on ITC Holdings Corp
Electric utility provider ITC Holdings Corp. (ITC) is the only pure play independent electricity transmission company in the country. The company has a strong management team and is able to earn a high return on investment due to the federal government’s interest in promoting investment in electricity transmission following years of underinvestment. Read more...
Baron Funds Comments on ITC Holdings Corp
ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the first quarter in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin) Read more...
Baron Funds Comments on ITC Holdings Corp
ITC Holdings Corp. (ITC) is the nation's largest independent transmission company. Shares of ITC climbed in the context of the general outperformance of utilities. The stock also rallied due to increased investor conviction in ITC's long-term growth target of low double-digit growth through the end of the decade. In addition, ITC announced a 3 for 1 stock split. (Rebecca Ellin) Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 22.90
ITC's P/E(ttm) is ranked higher than
76% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 20.50 vs. ITC: 22.90 )
ITC' s 10-Year P/E(ttm) Range
Min: 14.81   Max: 46.83
Current: 22.9

14.81
46.83
P/B 3.82
ITC's P/B is ranked higher than
61% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 vs. ITC: 3.82 )
ITC' s 10-Year P/B Range
Min: 1.75   Max: 4.66
Current: 3.82

1.75
4.66
P/S 5.95
ITC's P/S is ranked higher than
61% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.60 vs. ITC: 5.95 )
ITC' s 10-Year P/S Range
Min: 2.63   Max: 7.27
Current: 5.95

2.63
7.27
EV-to-EBIT 16.57
ITC's EV-to-EBIT is ranked higher than
82% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 18.35 vs. ITC: 16.57 )
ITC' s 10-Year EV-to-EBIT Range
Min: 13.4   Max: 37.7
Current: 16.57

13.4
37.7
PEG 2.43
ITC's PEG is ranked higher than
88% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. ITC: 2.43 )
ITC' s 10-Year PEG Range
Min: 0.54   Max: 3.27
Current: 2.43

0.54
3.27
Shiller P/E 32.58
ITC's Shiller P/E is ranked higher than
77% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 24.26 vs. ITC: 32.58 )
ITC' s 10-Year Shiller P/E Range
Min: 25.9   Max: 35.47
Current: 32.58

25.9
35.47
Current Ratio 0.43
ITC's Current Ratio is ranked higher than
55% of the 931 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.06 vs. ITC: 0.43 )
ITC' s 10-Year Current Ratio Range
Min: 0.19   Max: 2
Current: 0.43

0.19
2
Quick Ratio 0.36
ITC's Quick Ratio is ranked higher than
56% of the 931 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.93 vs. ITC: 0.36 )
ITC' s 10-Year Quick Ratio Range
Min: 0.16   Max: 1.75
Current: 0.36

0.16
1.75

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.54
ITC's Dividend Yield is ranked lower than
79% of the 825 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.16 vs. ITC: 1.54 )
ITC' s 10-Year Dividend Yield Range
Min: 0.89   Max: 4.05
Current: 1.54

0.89
4.05
Dividend Payout 0.34
ITC's Dividend Payout is ranked higher than
85% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.69 vs. ITC: 0.34 )
ITC' s 10-Year Dividend Payout Range
Min: 0.29   Max: 5.5
Current: 0.34

0.29
5.5
Dividend growth (3y) 7.00
ITC's Dividend growth (3y) is ranked higher than
86% of the 606 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.60 vs. ITC: 7.00 )
ITC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 31.4
Current: 7

0
31.4
Yield on cost (5-Year) 2.04
ITC's Yield on cost (5-Year) is ranked lower than
68% of the 831 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.41 vs. ITC: 2.04 )
ITC' s 10-Year Yield on cost (5-Year) Range
Min: 1.21   Max: 5.5
Current: 2.04

1.21
5.5
Share Buyback Rate -1.30
ITC's Share Buyback Rate is ranked higher than
77% of the 612 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -1.60 vs. ITC: -1.30 )
ITC' s 10-Year Share Buyback Rate Range
Min: 0   Max: -14.9
Current: -1.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 9.97
ITC's Price/Tangible Book is ranked higher than
63% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.34 vs. ITC: 9.97 )
ITC' s 10-Year Price/Tangible Book Range
Min: 8.19   Max: 289.38
Current: 9.97

8.19
289.38
Price/Median PS Value 1.20
ITC's Price/Median PS Value is ranked higher than
73% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.06 vs. ITC: 1.20 )
ITC' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.32
Current: 1.2

0.7
1.32
Price/Peter Lynch Fair Value 2.07
ITC's Price/Peter Lynch Fair Value is ranked higher than
91% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. ITC: 2.07 )
ITC' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.75   Max: 2.99
Current: 2.07

0.75
2.99
Price/Graham Number 3.16
ITC's Price/Graham Number is ranked higher than
69% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 vs. ITC: 3.16 )
ITC' s 10-Year Price/Graham Number Range
Min: 2.8   Max: 15.64
Current: 3.16

2.8
15.64
Earnings Yield (Greenblatt) 6.00
ITC's Earnings Yield (Greenblatt) is ranked higher than
81% of the 919 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.80 vs. ITC: 6.00 )
ITC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.7   Max: 7.5
Current: 6

2.7
7.5
Forward Rate of Return (Yacktman) 7.17
ITC's Forward Rate of Return (Yacktman) is ranked higher than
82% of the 673 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.17 vs. ITC: 7.17 )
ITC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.9   Max: 28.5
Current: 7.17

2.9
28.5

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:WR, EE, ENI, NGG, DTE » details
Traded in other countries:I5T.Germany,
ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, the Company operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, to reduce transmission constraints and to allow new generating resources to interconnect to its transmission systems. As electric transmission utilities with rates regulated by the FERC, the Company's Regulated Operating Subsidiaries earn revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its customers include: DTE Electric, Consumers Energy and IP&L. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
» More Articles for ITC

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Baron Funds Comments on ITC Holdings Corp May 02 2014 
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More From Other Websites
ITC Great Plains Energizes V-Plan Transmission Line and Project Substations in Western Kansas Dec 18 2014
UPDATE: Wunderlich Securities Downgrades ITC Holdings As Valuation Looks Fair Dec 01 2014
ITC Holdings downgraded by Wunderlich Dec 01 2014
ITC HOLDINGS CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... Nov 26 2014
Credit Suisse: Time To Take Some Profits In India, But Long-Term Growth Intact Nov 24 2014
ITC HOLDINGS CORP. Files SEC form 8-K/A, Change in Directors or Principal Officers Nov 12 2014
ITC HOLDINGS CORP. Files SEC form 8-K, Other Events Nov 12 2014
Mid-Afternoon Market Update: Plug Power Dips On Wider-Than-Expected Loss; Matson Shares Surge Nov 12 2014
ITC Provides Initial 2015 Operating Earnings and Capital Investment Guidance Nov 12 2014
ITC Provides Initial 2015 Operating Earnings and Capital Investment Guidance Nov 12 2014
ITC Declares Dividend to Shareholders Nov 06 2014
ITC HOLDINGS CORP. Financials Nov 06 2014
ITC to Present at EEI Financial Conference Nov 05 2014
EM Today: Oil Prices, Emerging Markets Slide; Petrobras Gets Support to Raise Gas Prices Nov 05 2014
ITC Holdings (ITC) Stock Lower Today After Analyst Downgrade Nov 03 2014
10-Q for ITC Holdings Corp. Nov 01 2014
The Untouchables: Where Even Activist Investors Fear to Tread Oct 31 2014
The Untouchables: Where Even Activist Investors Fear to Tread Oct 31 2014
ITC meets 3Q profit forecasts Oct 30 2014
ITC meets 3Q profit forecasts Oct 30 2014

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