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NEW YORK ( TheStreet) -- Energy Transfer Equity (NYSE: ETE) hit a new 52-week high Wednesday as it is currently trading at $73.93, above its previous 52-week high of $70.93 with 607,869 shares traded as of 9:50 a.m. ET. Average volume has been 766,300 shares over the past 30 days. Energy Transfer Equity has a market cap of $19.73 billion and is part of the basic materials sector and energy industry. Shares are up 54.5% 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 52.1, above the S&P 500 P/E ratio of 17.7.