EQT Corp (EQT): Today's Featured Utilities Winner

EQT ( EQT) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole closed the day up 0.3%. By the end of trading, EQT rose $1.99 (4.2%) to $49.82 on heavy volume. Throughout the day, 2.6 million shares of EQT exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $48.10-$50.08 after having opened the day at $48.56 as compared to the previous trading day's close of $47.83. Other companies within the Utilities sector that increased today were: Distribution and Marketing Company of the N ( EDN), up 16%, Transportadora de Gas del Sur ( TGS), up 10%, Dynegy ( DYN), up 4.5%, and Niska Gas Storage Partners ( NKA), up 3.3%.

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. EQT has a market cap of $7.12 billion and is part of the utilities industry. Currently there are 13 analysts that rate EQT a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, GreenHunter Energy ( GRH), down 9.1%, Pure Cycle Corporation ( PCYO), down 8.4%, China Hydroelectric Corporation ( CHC), down 3.3%, and Ellomay Capital ( ELLO), down 3.1%, were all losers within the utilities sector with American Water Works ( AWK) being today's utilities sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

If you liked this article you might like

Energy M&A Weekly: More Midstream IPOs Expected in 2017

Stocks Finish Mixed as Hurricane Irma Barrels Toward Florida Coast

Dow Rallies as Travelers Rebounds but Rest of Market Trails Ahead of Irma

Jana Partners Values an EQT Separation at $4.5 billion

EQT Stock Upgraded by BMO Capital Following Rice Energy Acquisition