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3 Stocks Pushing The Utilities Sector Lower

Stock quotes in this article: KEP, SBS, OKE

1. As of noon trading, ONEOK ( OKE) is down $0.29 (-0.6%) to $45.64 on light volume Thus far, 331,071 shares of ONEOK exchanged hands as compared to its average daily volume of 917,800 shares. The stock has ranged in price between $45.52-$46.14 after having opened the day at $46.14 as compared to the previous trading day's close of $45.93.

ONEOK, Inc., a diversified energy company, engages in the gathering, processing, storage, and transportation of natural gas and natural gas liquids in the United States. The company operates through three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. ONEOK has a market cap of $9.4 billion and is part of the utilities industry. The company has a P/E ratio of 27.9, above the S&P 500 P/E ratio of 17.7. Shares are up 6.1% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate ONEOK a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full ONEOK Ratings Report now.

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If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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