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

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 higher today making it today's featured utilities winner. The sector as a whole closed the day up 1.0%. By the end of trading, ONEOK rose $0.64 (1.2%) to $51.92 on light volume. Throughout the day, 876,039 shares of ONEOK exchanged hands as compared to its average daily volume of 1,811,800 shares. The stock ranged in a price between $51.26-$51.94 after having opened the day at $51.34 as compared to the previous trading day's close of $51.28. Other companies within the Utilities sector that increased today were: Empresa Distribuidora y Comercializadora No ( EDN), up 10.2%, Centrais Eletricas Brasileiras ( EBR), up 9.4%, Centrais Eletricas Brasileiras ( EBR.B), up 5.2% and Fuelcell Energy ( FCEL), up 3.8%.

Natural Gas Utility, Oklahoma natural gas production, transmission and distribution, (NYSE: OKE), purchases, gathers, processes, transports, stores and distributes natural gas. ONEOK has a market cap of $10.6 billion and is part of the utilities industry. Shares are up 20.0% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate ONEOK a buy, no analysts rate it a sell, and 3 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 negative front, Pure Cycle Corporation ( PCYO), down 3.0% and El Paso Electric Company ( EE), down 1.8%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Energize Your Portfolio With 12 Stock Picks in Oil, Gas and Drilling Services

Energize Your Portfolio With 12 Stock Picks in Oil, Gas and Drilling Services

27 Dirt Cheap Energy Investments

27 Dirt Cheap Energy Investments

Quitting Paris Climate Agreement Could Spark Trade Wars Against U.S.

Quitting Paris Climate Agreement Could Spark Trade Wars Against U.S.

Morgan Stanley, Kirkland Two Busiest Dealmakers in First Quarter

Morgan Stanley, Kirkland Two Busiest Dealmakers in First Quarter

This $9.3 Billion Oneok Deal Was, Almost, Was Secret

This $9.3 Billion Oneok Deal Was, Almost, Was Secret