Based on the aggregated intelligence of 170,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, electricity transmission specialist ITC Holdings
With that in mind, let's take a closer look at ITC's business and see what CAPS investors are saying about the stock right now.
|Headquarters (Founded)||Novi, Mich. (2001)|
|Market Cap||$3.3 billion|
|Trailing-12-Month Revenue||$664.28 million|
Founder/CEO Joseph Welch
CFO Cameron Bready
|Return on Equity (Average, Past 3 Years)||13.3%|
|Cash/Debt||$74.26 million / $2.46 billion|
American Electric Power
El Paso Electric
Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.
Late last month, istraveler tapped ITC as a particularly powerful pick: "[T]he trend is your friend. Electrical consumption can be expected to go up and utilities will seek ways to be a low cost producer. Even in spite of the coal industry resisting, a gradual decade shift is likely from coal toward natural gas and wind."
ITT remains a potent play on the increasing support for wind generation and upgrades to our electric grid. Over the next five years, ITC is even expected to grow its bottom line (16.4% per annum) at a much faster pace than traditional rivals like American Electric (3%), El Paso (5%), and Northeast Utilities (7.3%), as well as other utility plays like Duke Energy
CAPS member jerry80118 elaborates:
ITC is building their lines to last. That means over the long term they will not begin to see large costs to maintain their lines. Rapid expansion of wind energy in the plains states means there is lots of room for growth, and ITC is already benefiting from this trend in Kansas and Iowa.
What do you think about ITC, or any other stock for that matter? If you want to retire rich, you need to put together the best portfolio you can. Owning exceptional stocks is a surefire way to secure your financial future, and on Motley Fool CAPS, thousands of investors are working every day to find them. CAPS is 100% free, so get started!
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. ITC is a Motley Fool Stock Advisor selection. Southern is an Income Investor pick. Try any of our Foolish newsletter services free for 30 days.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.