3 Stocks Pushing The Utilities Sector Downward

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 65 points (-0.4%) at 17,004 as of Monday, July 7, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 894 issues advancing vs. 2,148 declining with 116 unchanged.

The Utilities sector currently sits down 0.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the sector include Korea Electric Power ( KEP), down 1.9%, and Huaneng Power International ( HNP), down 0.6%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. ONEOK ( OKE) is one of the companies pushing the Utilities sector lower today. As of noon trading, ONEOK is down $0.95 (-1.4%) to $66.66 on average volume. Thus far, 484,120 shares of ONEOK exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $66.51-$67.78 after having opened the day at $67.58 as compared to the previous trading day's close of $67.61.

ONEOK, Inc. operates as a diversified energy company in the United States. ONEOK has a market cap of $14.1 billion and is part of the utilities industry. Shares are up 8.7% 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 7 rate it a hold.

TheStreet Ratings rates ONEOK as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full ONEOK Ratings Report now.

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