What does Delta Phi Epsilon mean?

Is Delta Phi Epsilon a party sorority?

Delta Phi Epsilon (ΔΦΕ or DPhiE) is an international sorority founded on March 17, 1917 at New York University Law School in Manhattan. It is one of 26 social sororities that form the National Panhellenic Conference.
Delta Phi Epsilon (social)

Delta Phi Epsilon
Website www.dphie.org