Energy Transfer Equity Stock To Go Ex-dividend Tomorrow (ETE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Energy Transfer Equity (NYSE: ETE) is tomorrow, May 2, 2013. Owners of shares as of market close today will be eligible for a dividend of 65 cents per share. At a price of $58.50 as of 9:31 a.m. ET, the dividend yield is 4.4%.

The average volume for Energy Transfer Equity has been 708,800 shares per day over the past 30 days. Energy Transfer Equity has a market cap of $16.57 billion and is part of the basic materials sector and energy industry. Shares are up 29% year to date as of the close of trading on Tuesday.

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company has a P/E ratio of 50.6, above the S&P 500 P/E ratio of 17.7.

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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 and solid stock price performance. 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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