Relatively High Debt to Equity Ratio Detected in Shares of ITC Holdings in the Electric Utilities Industry (ITC, PPL, BIP, FE, ETR)
Below are the three companies in the Electric Utilities industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.
ITC Holdings ranks highest with a a debt to equity ratio of 2.6. Following is PPL with a a debt to equity ratio of 1.9. Brookfield Infrastructure Partners ranks third highest with a a debt to equity ratio of 1.8.
FirstEnergy follows with a a debt to equity ratio of 1.8, and Entergy rounds out the top five with a a debt to equity ratio of 1.5.
SmarTrend recommended that subscribers consider buying shares of ITC Holdings on December 1st, 2015 as our technology indicated a new Uptrend was in progress when shares hit $37.90. Since that recommendation, shares of ITC Holdings have risen 22.0%. We continue to monitor ITC Holdings for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest debt to equity ratio itc holdings brookfield infrastructure partners firstenergy entergy