ITC Holdings Corp
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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.
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.
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.
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?
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.
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.
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.
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.
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.
