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

EQT ( EQT) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 0.1%. By the end of trading, EQT fell $1.63 (-2.0%) to $79.37 on heavy volume. Throughout the day, 2,370,990 shares of EQT exchanged hands as compared to its average daily volume of 1,470,200 shares. The stock ranged in price between $79.04-$80.85 after having opened the day at $80.63 as compared to the previous trading day's close of $81.00. Other companies within the Utilities sector that declined today were: U.S. Geothermal ( HTM), down 5.4%, Fuelcell Energy ( FCEL), down 3.0%, American DG Energy ( ADGE), down 3.0% and American Midstream Partners ( AMID), down 2.6%.

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 $12.2 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 37.3% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate EQT a buy, no analysts rate it a sell, and 5 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.

On the positive front, Beacon Power ( BCON), up 16.7%, Consolidated Water Company ( CWCO), up 3.8%, Dynegy ( DYN), up 2.5% and PG&E ( PCG), up 2.5% , were all gainers within the utilities sector with NextEra Energy ( NEE) being today's featured utilities sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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