Contrasting ITC Holdings Corp. (ITC) and its Competitors
ITC Holdings Corp. (NYSE: ITC) is one of 83 public companies in the “Electric Utilities” industry, but how does it contrast to its rivals? We will compare ITC Holdings Corp. to related businesses based off the strength of its risk, valuation, institutional ownership, earnings, profitability, dividends and analyst recommendations.
Earnings & Valuation
This table compares ITC Holdings Corp. and its rivals gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|ITC Holdings Corp.||N/A||N/A||29.55|
|ITC Holdings Corp. Competitors||$7.29 billion||$2.15 billion||30.47|
ITC Holdings Corp.’s rivals have higher revenue and earnings than ITC Holdings Corp.. ITC Holdings Corp. is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently the more affordable than other companies in its industry.
Insider & Institutional Ownership
84.2% of ITC Holdings Corp. shares are held by institutional investors. Comparatively, 65.6% of shares of all “Electric Utilities” companies are held by institutional investors. 3.2% of ITC Holdings Corp. shares are held by company insiders. Comparatively, 2.9% of shares of all “Electric Utilities” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
This table compares ITC Holdings Corp. and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|ITC Holdings Corp.||26.73%||16.53%||3.82%|
|ITC Holdings Corp. Competitors||-12.21%||2.84%||0.50%|
This is a breakdown of recent recommendations for ITC Holdings Corp. and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|ITC Holdings Corp.||0||1||0||0||2.00|
|ITC Holdings Corp. Competitors||689||3216||2422||52||2.29|
All “Electric Utilities” companies have a potential upside of 3.30%. Given ITC Holdings Corp.’s rivals stronger consensus rating and higher possible upside, analysts plainly believe ITC Holdings Corp. has less favorable growth aspects than its rivals.
ITC Holdings Corp. pays an annual dividend of $0.86 per share and has a dividend yield of 1.9%. ITC Holdings Corp. pays out 55.8% of its earnings in the form of a dividend. As a group, “Electric Utilities” companies pay a dividend yield of 3.1% and pay out 104.0% of their earnings in the form of a dividend. ITC Holdings Corp. has raised its dividend for 5 consecutive years.
About ITC Holdings Corp.
ITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company’s business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.
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