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 was unchanged today. By the end of trading, EQT fell $1.45 (-1.6%) to $87.62 on average volume. Throughout the day, 1,224,170 shares of EQT exchanged hands as compared to its average daily volume of 1,434,600 shares. The stock ranged in price between $87.39-$90.37 after having opened the day at $90.37 as compared to the previous trading day's close of $89.07. Other companies within the Utilities sector that declined today were: Fuelcell Energy ( FCEL), down 14.6%, Empresa Distribuidora y Comercializadora No ( EDN), down 5.6%, Ocean Power Technologies ( OPTT), down 3.5% and GreenHunter Resources ( GRH), down 3.3%.

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 $13.1 billion and is part of the utilities industry. The company has a P/E ratio of 40.7, above the S&P 500 P/E ratio of 17.7. Shares are down 0.8% 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 robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, American DG Energy ( ADGE), up 20.0%, U.S. Geothermal ( HTM), up 6.3%, Empresa Nacional de Electricidad ( EOC), up 2.9% and Cadiz ( CDZI), up 2.7%.

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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