NEW YORK (TheStreet) -- Energy Transfer Equity (ETE) stock is declining by 0.93% to $9.54 on heavy trading volume this afternoon, as plunging oil prices overshadow Williams Partners's (WPZ) announcement that it will reduce its 2016 capital budget by nearly a third.

Energy Transfer Equity and Williams Companies (WMB), which owns the general partner of and controlling interests in Williams Partners, are in the process of merging.

In addition to the capital expenditures cut, Williams Partners announced that it will maintain its distribution rate of 85 cents per unit. 

By reiterating its distribution rate, Williams Partners bolsters the income stream of Williams Companies since Williams Companies receives most of its income from distributions from Williams Partners.

Based in Dallas, Energy Transfer Equity directly and indirectly owns equity interests in ETP and Regency, both of which are master limited partnerships engaged in diversified energy-related services.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

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Energy Transfer Equity's strengths such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations are countered by weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

You can view the full analysis from the report here: ETE

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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