5 Utilities Stocks Pushing The Sector Higher

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 125 points (-0.8%) at 16,333 as of Tuesday, Jan. 21, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,733 issues advancing vs. 1,234 declining with 157 unchanged.

The Utilities sector currently sits up 0.3% versus the S&P 500, which is down 0.1%. A company within the sector that increased today was Edison International ( EIX), up 0.8%. On the negative front, top decliners within the sector include Centrais Eletricas Brasileiras ( EBR.B), down 1.5%, and Empresa Nacional de Electricidad ( EOC), down 1.2%.

TheStreet 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 $1.23 (1.4%) to $88.85 on light volume. Thus far, 198,604 shares of EQT exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $87.83-$89.11 after having opened the day at $87.83 as compared to the previous trading day's close of $87.62.

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 down 2.4% year-to-date as of the close of trading on Friday. Currently there are 8 analysts who 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. 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