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NEW YORK ( TheStreet) -- Energy Transfer Equity (NYSE: ETE) hit a new 52-week low Monday as it is currently trading at $33.13, below its previous 52-week low of $33.21 with 530,103 shares traded as of 1:50 p.m. ET. Average volume has been 582,000 shares over the past 30 days. Energy Transfer Equity has a market cap of $7.9 billion and is part of the basic materials sector and energy industry. Shares are down 11% year to date as of the close of trading on Friday. 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 36.8, above the average energy industry P/E ratio of 36.4 and above the S&P 500 P/E ratio of 17.7.