The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Kenon Holdings Ltd (NYSE:KEN)

  • On June 1, Kenon Holdings posted an increase in quarterly sales. The company's stock fell around 18% over the past month and has a 52-week low of $34.52.
  • RSI Value: 29.9
  • KEN Price Action: Shares of Kenon Holdings fell 3.3% to close at $74.06 on Tuesday.
  • Edge Stock Ratings: 88.97 Momentum score with Value at 62.46.

ONE Gas Inc (NYSE:OGS)           

  • On June 9, Mizuho analyst Gabriel Moreen maintained ONE Gas with an Outperform rating and lowered the price target from $94 to $89. The company's stock fell around 11% over the past month and has a 52-week low of $70.87.
  • RSI Value: 28.7
  • OGS Price Action: Shares of ONE Gas fell 0.2% to close at $76.00 on Tuesday.
  • Benzinga Pro’s charting tool helped identify the trend in OGS stock.

TXNM Energy Inc (NYSE:TXNM)

  • On May 1, TXNM Energy posted weaker-than-expected first-quarter results. “During the first quarter, customers continued to benefit from our phased-in rate approach at PNM,” said Don Tarry, President and CEO of TXNM Energy. “Our growing capital plan focuses on delivering the technology and solutions to provide customers with reliable, affordable energy and achieve New Mexico’s clean energy future. As we move forward, our proposed transaction with Blackstone Infrastructure will secure the capital to implement these solutions and bring benefits to our customers and communities.” The company's stock fell around 2% over the past five days and has a 52-week low of $56.17.
  • RSI Value: 22.1
  • TXNM Price Action: Shares of TXNM Energy fell 0.5% to close at $57.78 on Tuesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in TXNM shares.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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