NEW YORK (
-- Energy Transfer Equity
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Energy Transfer Equity, L.P., through its general partnership interest in Energy Transfer Partners, L.P., engages in the natural gas midstream, transportation, and storage in the United States. The company has a P/E ratio of 46.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 22.6. Energy Transfer Equity has a market cap of $8.9 billion and is part of the
industry. Shares are up 2.5% year to date as of the close of trading on Friday.
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