ITC Holdings Corp (ITC): Today's Featured Utilities Winner

ITC Holdings ( ITC) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day down 0.8%. By the end of trading, ITC Holdings rose 38 cents (0.5%) to $74.19 on average volume. Throughout the day, 476,060 shares of ITC Holdings exchanged hands as compared to its average daily volume of 604,300 shares. The stock ranged in a price between $73.09-$74.47 after having opened the day at $73.71 as compared to the previous trading day's close of $73.81. Other companies within the Utilities sector that increased today were: GreenHunter Energy ( GRH), up 3.9%, Active Power ( ACPW), up 2.4%, Ellomay Capital ( ELLO), up 1.8%, and National Electricity Company of Chile ( EOC), up 1.5%.

ITC Holdings Corp., together with its subsidiaries, engages in the transmission of electricity in the United States. ITC Holdings has a market cap of $3.75 billion and is part of the utilities industry. The company has a P/E ratio of 21.6, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Monday. Currently there are four analysts that rate ITC Holdings a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates ITC Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the negative front, Aqua America ( WTR), down 3.9%, Ocean Power Technologies ( OPTT), down 3.6%, Calpine ( CPN), down 3.2%, and Chesapeake Utilities ( CPK), down 3%, were all laggards within the utilities sector with PPL ( PPL) being today's utilities sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).
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