Seeking Alpha

Many regulated utility investors seek the proverbial sweet spot of "4 - 4 - 4" looking for 4% earnings growth, 4% current yield and 4% dividend growth. ITC Holdings (ITC) sweet spot could be considered "15 - 1.9 - 5.2" as the company has a projected 5-yr eps growth rate of 15%, a current yield of 1.9% and a 5.2% 5-yr dividend growth rate. Regulated utility investors with a bit longer time horizon and a penchant for growth over current yield should review ITC as a core utility holding.

The investment thesis is pretty simple - federally regulated rates of return for transmission assets are 30% higher than most states Public Utility Commission PUC allow and ITC is...

Only subscribers can access this article, which is part of the PRO research library covering 3,775 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: