5 Stocks Raising The Utilities Sector Higher

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 165 points (1.1%) at 15,235 as of Monday, June 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 1.0%. Top gainers within the sector include Consolidated Edison ( ED), up 0.8%, Public Service Enterprise Group ( PEG), up 0.8% and TransCanada ( TRP), up 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. EQT ( EQT) is one of the companies pushing the Utilities sector higher today. As of noon trading, EQT is up $1.70 (2.13) to $81.39 on light volume Thus far, 336,863 shares of EQT exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $79.22-$81.40 after having opened the day at $80.04 as compared to the previous trading day's close of $79.69.

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 $12.0 billion and is part of the utilities industry. The company has a P/E ratio of 57.2, above the S&P 500 P/E ratio of 17.7. Shares are up 35.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate EQT a buy, no analysts rate it a sell, and 7 rate it a hold.

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, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EQT Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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