Energy Transfer Equity Reaches New 52-Week High (ETE)

Energy Transfer Equity (NYSE:ETE) hit a new 52-week high Wednesday as it is currently trading at $63.21, above its previous 52-week high of $63.12 with 582,534 shares traded as of 12:26 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Energy Transfer Equity

(NYSE:

ETE

) hit a new 52-week high Wednesday as it is currently trading at $63.21, above its previous 52-week high of $63.12 with 582,534 shares traded as of 12:26 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Energy Transfer Equity has a market cap of $16.83 billion and is part of the basic materials sector and energy industry. Shares are up 31.8% year to date as of the close of trading on Tuesday.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates

Energy Transfer Equity

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Energy Transfer Equity Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

.

null

Loading ...