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2011 Top S&P Stocks: No. 10 Oneok

Oneok shares rallied nearly 50 percent year to date, making it No. 10 in the top S&P stocks of 2011.

Stock in the natural gas systems company traded midday at $82.88, near its 52-week high of $84.33. Its low within the same period was $53.51, with EPS of $3.03.

“Fast Money” pro Steve Grasso liked the sector.

“You slap ‘utility’ into a title of a company and you are guaranteed to have a winner in this year, especially,” he said.

But for a better play, Grasso pointed to Dominion and Southern, which traded at a lower earnings multiple and boasted a higher yield than Oneok.

Trader Zack Karabell also sounded bearish on the sector.

“This really does speak to the fact of the strength of the U.S. domestic natural gas industry, particularly with the troubles of the XL pipeline,” he said.

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Trader disclosure: On Dec. 19, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Adami owns AGU; Adami owns MSFT; Adami owns NUE; Adami owns BTU; Adami owns C; Adami owns GS; Adami owns INTC; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU;

Steve Grasso
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Gregory Badishkanian
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