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

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.

ONEOK ( OKE) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day down 0.2%. By the end of trading, ONEOK fell $1.61 (-3.0%) to $52.16 on heavy volume. Throughout the day, 5,157,268 shares of ONEOK exchanged hands as compared to its average daily volume of 1,429,800 shares. The stock ranged in price between $51.54-$53.26 after having opened the day at $53.20 as compared to the previous trading day's close of $53.77. Other companies within the Utilities sector that declined today were: Beacon Power ( BCON), down 8.6%, GreenHunter Resources ( GRH), down 6.1%, Energy Company of Parana ( ELP), down 2.4% and Delta Natural Gas Company ( DGAS), down 2.3%.

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 $8.8 billion and is part of the utilities industry. Shares are up 25.8% year to date as of the close of trading on Thursday. Currently there are 4 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.

On the positive front, NRG Yield ( NYLD), up 3.5%, PVR Partners ( PVR), up 2.9%, Empresa Distribuidora y Comercializadora No ( EDN), up 2.6% and Summit Midstream Partners ( SMLP), up 2.5% , were all gainers within the utilities sector with PG&E ( PCG) being today's featured utilities sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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