Itc Holdings Corp. (ITC): Linda H Blair , EVP & Chief Business Officer of Itc Holdings Corp. sold 27,246 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $44.36 per share for a total value of $1,208,520.88 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Soneral Christine Mason (SVP & General Counsel) sold 23,688 shares at $44.07 per share price.On May 3, 2016, Joseph L Welch (Chairman, President & CEO) sold 23,274 shares at $43.91 per share price.Also, On May 3, 2016, Albert Ernst (director) purchased 24 shares at $44.05 per share price.On Jul 2, 2015, Jon E Jipping (EVP & Chief Operating Officer) sold 47,525 shares at $32.09 per share price.
Shares of ITC Holdings Corp. (ITC) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.31% at $44.33 with 17,71,188 shares getting traded. Post opening the session at $44.08, the shares hit an intraday low of $43.81 and an intraday high of $44.46 and the price vacillated in this range throughout the day. The company has a market cap of $6,773 M and the number of outstanding shares has been calculated to be 15,27,77,810 shares. The 52-week high of ITC Holdings Corp. is $44.68 and the 52-week low is $30.33.
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 Companys 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 Companys 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.