OGE Energy Corp (OGE): 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.

OGE Energy ( OGE) 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, OGE Energy fell $0.40 (-1.1%) to $35.97 on average volume. Throughout the day, 1,121,372 shares of OGE Energy exchanged hands as compared to its average daily volume of 1,162,500 shares. The stock ranged in price between $35.96-$36.65 after having opened the day at $36.39 as compared to the previous trading day's close of $36.37. Other companies within the Utilities sector that declined today were: Ocean Power Technologies ( OPTT), down 8.3%, TransAlta Corporation ( TAC), down 3.2%, U.S. Geothermal ( HTM), down 2.5% and AES ( AES), down 2.5%.

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. OGE Energy has a market cap of $7.2 billion and is part of the utilities industry. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate OGE Energy a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates OGE Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Cadiz ( CDZI), up 6.8%, Empresa Distribuidora y Comercializadora No ( EDN), up 3.4%, Summit Midstream Partners ( SMLP), up 2.4% and SJW Corporation ( SJW), up 2.4% , were all gainers within the utilities sector with NRG Energy ( NRG) 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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