ITC Holdings Corp. (ITC) EVP & COO Jon E Jipping sells 1,000 Shares

EVP & COO of ITC Holdings Corp. (ITC, Financial) Jon E Jipping sells 1,000 shares of ITC on 11/13/2009 at an average price of $43.38 a share.

ITC Holdings Corp. is in the business of electricity transmission infrastructure improvements as a means to improve electric reliability, reduce congestion and lower the overall cost of delivered energy. Through ITC operating subsidiaries, ITCTransmission and METC, we are the only publicly traded company engaged exclusively in the transmission of electricity in the United States. We are also the largest independent electric transmission company and the eighth largest electric transmission company in the country based on transmission load served. Its business strategy is to operate, maintain and invest in our transmission infrastructure in order to enhance system integrity and reliability and to reduce transmission constraints. By pursuing this strategy, we seek to reduce the overall cost of delivered energy for end-use consumers by providing them with access to electricity from the lowest cost electricity generation sources. Itc Holdings Corp. has a market cap of $2.29 billion; its shares were traded at around $45.88 with a P/E ratio of 18.65 and P/S ratio of 3.71. The dividend yield of Itc Holdings Corp. stocks is 2.79%.

ITC is in the portfolios of Ron Baron of Baron Funds, John Keeley of Keeley Fund Management, Tom Gayner of Markel Gayner Asset Management Corp.

Insiders' Positions with ITC

  • Sell:: EVP & Chief Business Officer Linda H Blair sold 10,000 shares of ITC stock on 06/22/2009 at the average price of 44.56, the price of the stock has increased by 2.96% since