Energy Transfer Equity Rises On Unusually High Volume (ETE)

NEW YORK ( TheStreet) -- Energy Transfer Equity (NYSE: ETE) is trading at unusually high volume Monday with 2.7 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up 90 cents (+2.2%) at $41.20 as of 4:01 p.m. ET.

Energy Transfer Equity has a market cap of $9.52 billion and is part of the basic materials sector and energy industry. Shares are down 0.7% 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 29.3, below the average energy industry P/E ratio of 31.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Energy Transfer Equity as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, robust revenue growth, notable return on equity, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Energy Transfer Equity Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.