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

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EQT ( EQT) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.3%. By the end of trading, EQT fell $1.32 (-1.5%) to $85.84 on average volume. Throughout the day, 1,463,276 shares of EQT exchanged hands as compared to its average daily volume of 1,368,500 shares. The stock ranged in price between $85.12-$87.18 after having opened the day at $86.94 as compared to the previous trading day's close of $87.16. Other companies within the Utilities sector that declined today were: Fuelcell Energy ( FCEL), down 24.2%, Atlantic Power Corporation ( AT), down 2.4%, U.S. Geothermal ( HTM), down 2.1% and American Midstream Partners ( AMID), down 1.8%.

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 $13.2 billion and is part of the utilities industry. The company has a P/E ratio of 40.9, above the S&P 500 P/E ratio of 17.7. Shares are up 48.5% year to date as of the close of trading on Monday. 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 robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Pure Cycle Corporation ( PCYO), up 5.3%, Consolidated Water Company ( CWCO), up 5.0%, Centrais Eletricas Brasileiras ( EBR.B), up 3.0% and Centrais Eletricas Brasileiras ( EBR), up 1.9% , 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).

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