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 closed the day up 0.3%. By the end of trading, EQT rose $0.87 (1.3%) to $66.95 on average volume. Throughout the day, 1,628,036 shares of EQT exchanged hands as compared to its average daily volume of 1,520,700 shares. The stock ranged in a price between $65.58-$67.75 after having opened the day at $66.33 as compared to the previous trading day's close of $66.08. Other companies within the Utilities sector that increased today were: Fuelcell Energy ( FCEL), up 6.6%, Transportadora de Gas del Sur ( TGS), up 5.6%, U.S. Geothermal ( HTM), up 4.0% and Consolidated Water Company ( CWCO), up 3.2%.
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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 $10.1 billion and is part of the utilities industry. The company has a P/E ratio of 54.8, above the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. 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 10.1%, Cadiz ( CDZI), down 6.2%, American DG Energy ( ADGE), down 3.5% and Pure Cycle Corporation ( PCYO), down 3.2%.

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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