5 Utilities Stocks Driving The Sector Higher

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 76 points (0.5%) at 15,300 as of Tuesday, July 9, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,101 issues advancing vs. 849 declining with 106 unchanged.

The Utilities sector currently sits up 0.5% versus the S&P 500, which is up 1.2%. Top gainers within the sector include Energy Company of Parana ( ELP), up 5.6%, and TransCanada ( TRP), up 0.8%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. ONEOK ( OKE) is one of the companies pushing the Utilities sector higher today. As of noon trading, ONEOK is up $1.18 (2.9%) to $42.60 on average volume. Thus far, 839,683 shares of ONEOK exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $41.60-$42.73 after having opened the day at $41.77 as compared to the previous trading day's close of $41.42.

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 $8.2 billion and is part of the utilities industry. Shares are down 3.1% year to date as of the close of trading on Monday. Currently there are 5 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 revenue growth, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full ONEOK Ratings Report now.

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