ITC Holdings Corp

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  • uploads///GDP Growth In India
    Macroeconomic Analysis

    Will India’s GDP Growth Support Market Performance in 2017?

    India’s economy remains robust despite the removal of about 86% of its currency in circulation, according to national accounts.

    By Mary Sadler
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    Company & Industry Overviews

    Which of Its Businesses Does Eversource Expect Will Drive Growth?

    In 2015, many utilities reported negative sales growth due to unfavorable weather in the US. Eversource posted a nearly 11% revenue fall compared to 2014.

    By Vineet Kulkarni
  • uploads///ITC FTS timeline

    ITC-Fortis Spread: What to Expect from Arbitrageurs

    The ITC (ITC)-Fortis transaction is a utility deal and arbitrageurs tend to avoid them. State regulatory approvals are generally inscrutable.

    By Brent Nyitray, CFA, MBA
  • uploads///ITC FTS downside

    What’s the Risk-Reward Ratio for the ITC-Fortis Deal?

    ITC (ITC) was trading at ~$33 per share before the press reported it was in talks for a sale. If the deal breaks, will ITC’s share price return to its former level?

    By Brent Nyitray, CFA, MBA
  • uploads///ITC FTS strategic rationale

    What’s the Rationale for the ITC-Fortis Merger?

    Fortis (FRTSF) is buying ITC (ITC) in the largest Canadian purchase of a US utility. Fortis intends to sell a 19% stake in order to help finance the transaction.

    By Brent Nyitray, CFA, MBA
  • uploads///ITC FRTSF spread

    What Does the ITC-Fortis Merger Mean for Investors?

    On February 9, 2016, Fortis and ITC announced a merger. Fortis is buying ITC in a $6.6 billion deal. Including debt, the deal’s value is $11.2 billion.

    By Brent Nyitray, CFA, MBA
  • uploads///p
    Company & Industry Overviews

    The ALPS Kotak India Growth Fund (INDAX) Portfolio Analysis

    The ALPS Kotak India Growth Fund (INDAX) intends to invest at least 80% of its net assets directly or indirectly in equity and equity linked securities of Indian companies.

    By Pete Raine
  • uploads///Part  utilities
    Macroeconomic Analysis

    Utilities Sector: Stock Market Update for Week Ended July 17

    Of the 41 utilities stocks we track, 30 gained during the week ended July 17. A positive Greek deal cheered markets globally, and dovish comments by the Fed pushed mid-to-long-term bond yields down.

    By Mike Sonnenberg
  • uploads///part
    Macroeconomic Analysis

    Utilities Sector Losers on April 22

    After falling by 0.9% on April 21, the Utilities Select Sector SPDR ETF (XLU) posted marginal gains of 0.2% on Wednesday, April 22.

    By Mike Sonnenberg
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