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Shares of ITC Holdings Corp. (NYSE:ITC) reached a new 52-week high during trading on Friday , American Banking News.com reports. The stock traded as high as $37.97 and last traded at $37.86, with a volume of 128,778 shares changing hands. The stock had previously closed at $37.77.

A number of research firms have recently commented on ITC. Analysts at Wunderlich reiterated a “buy” rating on shares of ITC Holdings Corp. in a research note on Thursday, May 15th. They now have a $41.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of ITC Holdings Corp. from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $37.00 price target on the stock, up previously from $36.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of ITC Holdings Corp. in a research note on Wednesday, April 23rd. They now have a $41.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.75.

The stock’s 50-day moving average is $37.12 and its 200-day moving average is $34.4. The company has a market cap of $5.888 billion and a P/E ratio of 23.86.

ITC Holdings Corp. (NYSE:ITC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $258.60 million for the quarter, compared to the consensus estimate of $250.79 million. During the same quarter last year, the company posted $1.12 earnings per share. ITC Holdings Corp.’s revenue was up 19.0% compared to the same quarter last year. Analysts expect that ITC Holdings Corp. will post $1.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 29th.

In other ITC Holdings Corp. news, CFO Cameron M. Bready sold 40,175 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $37.49, for a total transaction of $1,506,160.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ITC Holdings Corp. (NYSE:ITC) is engaged in the electric transmission operations of its Regulated Operating Subsidiaries.

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