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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

EQT ( EQT) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole was unchanged today. By the end of trading, EQT rose $1.92 (3.5%) to $56.83 on average volume. Throughout the day, 1.8 million shares of EQT exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $55.06-$56.97 after having opened the day at $55.15 as compared to the previous trading day's close of $54.91. Other companies within the Utilities sector that increased today were: Ocean Power Technologies ( OPTT), up 12.1%, China Hydroelectric Corporation ( CHC), up 8.7%, Huaneng Power International ( HNP), up 2.5%, and Active Power ( ACPW), up 2.5%.

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 $8.25 billion and is part of the utilities industry. The company has a P/E ratio of 22.2, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Monday. Currently there are 12 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 expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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).

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