NEW YORK (

TheStreet

) --

Energy Transfer Equity

(NYSE:

ETE

) hit a new 52-week high Wednesday as it traded at $44.24 compared with its previous 52-Week high of $44.10. Energy Transfer Equity is changing hands at $44.19 with 51,082 shares traded as of 11:30 a.m. ET. Average volume has been 350,200 shares over the past 30 days.

Energy Transfer Equity has a market cap of $9.7 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 10.9% year to date as of the close of trading on Tuesday.

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 50.6, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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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, 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. You can view the full

Energy Transfer Equity Ratings Report

.

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