ONEOK Inc. (OKE): Today's Featured Utilities Winner

Editor's Note: 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

ONEOK ( OKE) pushed the Utilities sector higher today making it today's featured utilities winner. The sector as a whole was unchanged today. By the end of trading, ONEOK rose $0.78 (1.5%) to $52.13 on average volume. Throughout the day, 1,410,245 shares of ONEOK exchanged hands as compared to its average daily volume of 1,281,800 shares. The stock ranged in a price between $51.03-$52.24 after having opened the day at $51.41 as compared to the previous trading day's close of $51.35. Other companies within the Utilities sector that increased today were: Centrais Eletricas Brasileiras ( EBR.B), up 5.8%, Pure Cycle Corporation ( PCYO), up 4.9%, Huaneng Power International ( HNP), up 3.9% and American Midstream Partners ( AMID), up 3.6%.
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ONEOK, Inc. operates as a diversified energy company in the United States. The company operates in three segments: ONEOK Partners, Natural Gas Distribution, and Energy Services. ONEOK has a market cap of $10.3 billion and is part of the utilities industry. The company has a P/E ratio of 30.4, above the S&P 500 P/E ratio of 17.7. Shares are up 20.1% year to date as of the close of trading on Friday.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Companhia De Saneamento Basico Do Estado De ( SBS), down 5.9%, Ocean Power Technologies ( OPTT), down 4.8%, U.S. Geothermal ( HTM), down 3.2% and Energy Company of Parana ( ELP), down 2.8% , were all laggards within the utilities sector with Northeast Utilities ( NU) being today's utilities sector laggard.

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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