ITC Holdings Corp. (NYSE:ITC) saw unusually-high trading volume on Thursday . Approximately 792,923 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 557,571 shares.The stock last traded at $46.64 and had previously closed at $46.52.

Separately, Zacks Investment Research upgraded ITC Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. ITC Holdings Corp. presently has a consensus rating of “Hold” and a consensus target price of $41.83.

The company has a market cap of $7.01 billion and a PE ratio of 29.84. The company has a 50-day moving average of $46.45 and a 200-day moving average of $44.25.

ITC Holdings Corp. (NYSE:ITC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $298 million for the quarter, compared to the consensus estimate of $313 million. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Analysts expect that ITC Holdings Corp. will post $2.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.2155 per share. This is a positive change from ITC Holdings Corp.’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, August 30th.

A hedge fund recently raised its stake in ITC Holdings Corp. stock. Principal Financial Group Inc. raised its position in shares of ITC Holdings Corp. (NYSE:ITC) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,201 shares of the company’s stock after buying an additional 12,162 shares during the period. Principal Financial Group Inc. owned about 0.27% of ITC Holdings Corp. worth $16,375,000 as of its most recent filing with the SEC.

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).

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