Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Energy Transfer Equity ( ETE) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.2%. By the end of trading, Energy Transfer Equity rose $1.21 (1.9%) to $64.90 on average volume. Throughout the day, 1,245,920 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1,038,900 shares. The stock ranged in a price between $63.10-$65.95 after having opened the day at $63.34 as compared to the previous trading day's close of $63.69. Other companies within the Energy industry that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 61.8%, GMX Resources ( GMXRQ), up 15.1%, Ivanhoe Energy ( IVAN), up 10.0% and Magnum Hunter Resources Corportion ( MHR), up 7.8%.
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. Energy Transfer Equity has a market cap of $17.6 billion and is part of the basic materials sector. Shares are up 37.8% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 2 rate it a hold. 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, increase in net income, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.