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 was unchanged today. By the end of trading, ONEOK rose $0.61 (1.0%) to $60.12 on heavy volume. Throughout the day, 2,022,861 shares of ONEOK exchanged hands as compared to its average daily volume of 1,239,900 shares. The stock ranged in a price between $58.92-$60.20 after having opened the day at $59.50 as compared to the previous trading day's close of $59.51. Other companies within the Utilities sector that increased today were: Fuelcell Energy ( FCEL), up 9.8%, AES ( AES), up 2.9%, Gas Natural ( EGAS), up 2.7% and Pattern Energy Group ( PEGI), up 2.4%.

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 $11.8 billion and is part of the utilities industry. The company has a P/E ratio of 41.8, above the S&P 500 P/E ratio of 17.7. Shares are up 39.2% year to date as of the close of trading on Tuesday. Currently there are 8 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 and increase in stock price during the past year. 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 3.1%, CPFL Energy ( CPL), down 2.3%, Centrais Eletricas Brasileiras ( EBR), down 2.0% and Energy Company of Minas Gerais ( CIG), down 1.9%.

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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