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 0.5%. By the end of trading, ONEOK fell $0.65 (-1.2%) to $51.44 on average volume. Throughout the day, 1,367,262 shares of ONEOK exchanged hands as compared to its average daily volume of 1,814,700 shares. The stock ranged in price between $51.23-$52.23 after having opened the day at $52.01 as compared to the previous trading day's close of $52.09. Other companies within the Utilities sector that declined today were: Middlesex Water Company ( MSEX), down 3.8%, U.S. Geothermal ( HTM), down 3.4%, SJW Corporation ( SJW), down 3.0% and Consolidated Water Company ( CWCO), down 2.8%.

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 $10.7 billion and is part of the utilities industry. Shares are up 21.4% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate ONEOK a buy, no analysts rate it a sell, and 2 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, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, American DG Energy ( ADGE), up 10.3%, Brookfield Infrastructure Partners ( BIP), up 3.0%, Enersis ( ENI), up 2.5% and Fuelcell Energy ( FCEL), up 2.5%.

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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