EQT, PPL And EXC, Pushing Utilities Sector Downward

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 16 points (0.1%) at 16,733 as of Monday, June 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,394 issues advancing vs. 1,564 declining with 187 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the sector that increased today was Huaneng Power International ( HNP), up 0.5%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. EQT ( EQT) is one of the companies pushing the Utilities sector lower today. As of noon trading, EQT is down $1.65 (-1.5%) to $105.23 on average volume. Thus far, 602,161 shares of EQT exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $104.93-$106.95 after having opened the day at $106.74 as compared to the previous trading day's close of $106.88.

EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. EQT has a market cap of $15.9 billion and is part of the energy industry. Shares are up 19.1% 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 4 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full EQT Ratings Report now.

STOCKS TO BUY: 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