ITC Holdings Corp. (ITC) Declares Quarterly Dividend of $0.14
ITC Holdings Corp. (NYSE:ITC) announced a quarterly dividend on Thursday, February 6th, AnalystRatingsNetwork.com reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.1425 per share on Wednesday, March 19th. This represents a $0.57 annualized dividend and a dividend yield of 0.57%.
A number of analysts have recently weighed in on ITC shares. Analysts at ISI Group downgraded shares of ITC Holdings Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. On the ratings front, analysts at JPMorgan Chase & Co. initiated coverage on shares of ITC Holdings Corp. in a research note to investors on Tuesday, January 21st. They set an “overweight” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of ITC Holdings Corp. from $114.00 to $108.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $106.40.
ITC Holdings Corp. (NYSE:ITC) traded down 0.31% during mid-day trading on Thursday, hitting $99.50. 465,558 shares of the company’s stock traded hands. ITC Holdings Corp. has a 52-week low of $80.26 and a 52-week high of $106.74. The stock has a 50-day moving average of $96.98 and a 200-day moving average of $94.20. The company has a market cap of $5.173 billion and a P/E ratio of 25.72.
ITC Holdings Corp. (NYSE:ITC) is engaged in the electric transmission operations of its Regulated Operating Subsidiaries.
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