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 0.3%. By the end of trading, ONEOK fell $2.42 (-4.0%) to $58.81 on heavy volume. Throughout the day, 2,840,420 shares of ONEOK exchanged hands as compared to its average daily volume of 1,727,100 shares. The stock ranged in price between $57.97-$59.97 after having opened the day at $59.20 as compared to the previous trading day's close of $61.23. Other companies within the Utilities sector that declined today were: Cadiz ( CDZI), down 5.4%, Pure Cycle Corporation ( PCYO), down 5.3%, Transportadora de Gas del Sur ( TGS), down 4.9% and GreenHunter Resources ( GRH), down 3.6%.

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 $12.5 billion and is part of the utilities industry. Shares are down 1.5% year to date as of the close of trading on Monday. Currently there are 7 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Niska Gas Storage Partners ( NKA), up 7.1%, Pattern Energy Group ( PEGI), up 3.1%, Centrais Eletricas Brasileiras ( EBR), up 2.4% and Atlantic Power Corporation ( AT), up 2.3% , were all gainers within the utilities sector with Pinnacle West Capital Corporation ( PNW) 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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