ITC Holdings Corp. (ITC) Position Raised by Aperio Group LLC
Aperio Group LLC boosted its stake in shares of ITC Holdings Corp. (NYSE:ITC) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,138 shares of the company’s stock after buying an additional 3,433 shares during the period. Aperio Group LLC’s holdings in ITC Holdings Corp. were worth $5,630,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of ITC Holdings Corp. by 2.0% in the first quarter. Prudential Financial Inc. now owns 10,189 shares of the company’s stock valued at $444,000 after buying an additional 200 shares during the last quarter. Squarepoint Ops LLC increased its position in ITC Holdings Corp. by 91.0% in the first quarter. Squarepoint Ops LLC now owns 29,800 shares of the company’s stock worth $1,298,000 after buying an additional 14,200 shares in the last quarter. Banced Corp bought a new position in ITC Holdings Corp. during the second quarter worth $262,000. Creative Planning increased its position in ITC Holdings Corp. by 0.9% in the second quarter. Creative Planning now owns 5,342 shares of the company’s stock worth $250,000 after buying an additional 48 shares in the last quarter. Finally, GWM Advisors LLC bought a new position in ITC Holdings Corp. during the second quarter worth $411,000. 84.21% of the stock is currently owned by institutional investors and hedge funds.
ITC Holdings Corp. (NYSE:ITC) remained flat at $45.50 during midday trading on Monday. The firm has a 50 day moving average price of $45.50 and a 200-day moving average price of $45.74. ITC Holdings Corp. has a 12 month low of $33.82 and a 12 month high of $47.46.
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A number of equities analysts have weighed in on ITC shares. Zacks Investment Research downgraded shares of ITC Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Edward Jones downgraded shares of ITC Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.75.
ITC Holdings Corp. Company Profile
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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