Addison Capital Co Lowers stake in ITC Holdings Corp. (ITC)

ITC Holdings Corp. (ITC) : Addison Capital Co reduced its stake in ITC Holdings Corp. by 0.17% during the most recent quarter end. The investment management company now holds a total of 52,978 shares of ITC Holdings Corp. which is valued at $2,468,245 after selling 90 shares in ITC Holdings Corp. , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.ITC Holdings Corp. makes up approximately 2.15% of Addison Capital Co’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont reduced its stake in ITC by selling 4,040 shares or 80.45% in the most recent quarter. The Hedge Fund company now holds 982 shares of ITC which is valued at $45,378. ITC Holdings Corp. makes up approx 0.01% of Trust Co Of Vermont’s portfolio.Capital Analysts reduced its stake in ITC by selling 55,211 shares or 99.08% in the most recent quarter. The Hedge Fund company now holds 513 shares of ITC which is valued at $23,819.Webster Bank N. A. reduced its stake in ITC by selling 38,889 shares or 59.85% in the most recent quarter. The Hedge Fund company now holds 26,090 shares of ITC which is valued at $1,222,056. ITC Holdings Corp. makes up approx 0.18% of Webster Bank N. A.’s portfolio.

ITC Holdings Corp. closed down -0.03 points or -0.06% at $46.21 with 13,60,094 shares getting traded on Wednesday. Post opening the session at $46.27, the shares hit an intraday low of $46.02 and an intraday high of $46.36 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, ITC Holdings Corp. reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.52. The company had revenue of $280.13 million for the quarter, compared to analysts expectations of $299.21 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

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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