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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

EQT ( EQT) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 0.4%. By the end of trading, EQT fell $1.00 (-1.2%) to $82.52 on light volume. Throughout the day, 909,219 shares of EQT exchanged hands as compared to its average daily volume of 1,420,100 shares. The stock ranged in price between $82.36-$83.74 after having opened the day at $83.29 as compared to the previous trading day's close of $83.52. Other companies within the Utilities sector that declined today were: Beacon Power ( BCON), down 9.9%, RGC Resources ( RGCO), down 6.5%, China Hydroelectric Corporation ( CHC), down 3.0% and Western Gas Equity Partners ( WGP), 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 $12.7 billion and is part of the utilities industry. Shares are up 41.6% year to date as of the close of trading on Friday. 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, GreenHunter Resources ( GRH), up 22.3%, U.S. Geothermal ( HTM), up 8.5%, Centrais Eletricas Brasileiras ( EBR), up 4.8% and Just Energy Group ( JE), up 4.0% , were all gainers within the utilities sector with American Water Works ( AWK) 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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