Itc Holdings Corp. (ITC) Files Form 4 Insider Buying : Albert Ernst Buys 24 Shares

Itc Holdings Corp. (ITC): Albert Ernst , director of Itc Holdings Corp. purchased 24 shares on May 2, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $44.05 per share for a total value of $1,057.20 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 2, 2016, Albert Ernst (director) purchased 121 shares at $40.67 per share price.On Jul 2, 2015, Jon E Jipping (EVP & Chief Operating Officer) sold 47,525 shares at $32.09 per share price.

ITC Holdings Corp.: On Monday, May 2, 2016 heightened volatility was witnessed in ITC Holdings Corp. which led to swings in the share price. The shares opened for trading at $44.05 and hit $44.68 on the upside , eventually ending the session at $44.47, with a gain of 0.91% or 0.4 points. The heightened volatility saw the trading volume jump to 12,94,962 shares. The 52-week high of the share price is $44.68 and the company has a market cap of $6,794 M . The 52-week low of the share price is at $30.33.

ITC Holdings Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.ITC Holdings Corp. is Downgraded by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $43. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 15, 2016.ITC Holdings Corp. is Downgraded by Gabelli & Co to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 26, 2016.ITC Holdings Corp. is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 10, 2016.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates maintains and invests in transmission infrastructure. The Company’s 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 Company’s 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.

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