North Carolina’s 5th Congressional District Representative Virginia Foxx recently made several new investments. According to the latest Congressional trading report, Foxx has acquired shares in several companies, including Energy transfer LP (NYSE:) and AT&T Inc. (NYSE:T$A).
The report said Foxx has made several acquisitions from Energy Transfer LP, a major player in the propane industry. The transactions occurred on three different dates: May 1, 2 and May 20, 2024. Each purchase ranged from $1,001 to $15,000.
In addition to Energy Transfer, Virginia Fox also invested in AT&T Inc. The congresswoman’s attention was drawn to the telecom giant’s depositary shares, each of which represents a 1/1,000 interest in 5,000% of the Series A Perpetual Preferred Stock. The investment was made on May 1, 2024, and had the same value range as the power transmission transactions.
The Congressional trade report also highlights investment in Alliance resource (NASDAQ:) Partners, LP (NASDAQ:ARLP). Congresswoman purchased the common units representing the limited partnership interest on May 15, 2024. This deal also ranges from $1,001 to $15,000.
Finally, on May 21, 2024, Foxx acquired shares of Hercules Capital, Inc. (NYSE:NYSE:), a business development company focused on providing venture debt and capital to the technology, life sciences, and sustainable and renewable technology industries.
All transactions were newly recorded, indicating that these were new investments made by the congressman. The report did not reveal the exact accounts used for these transactions, but emphasized the importance of transparency in the financial transactions of government officials.
In conclusion, Virginia Fox is making a number of new investments in various sectors, including energy, telecommunications and finance. These deals provide insight into the investment strategies and preferences of North Carolina’s 5th Congressional District representative.
InvestingAbout Insights
Representative Virginia Fox’s recent investment in Energy Transfer LP (NYSE:ET) is consistent with the company’s strong performance and investor-friendly characteristics. Energy Transfer boasts a market capitalization of $52.2 billion and has demonstrated its commitment to shareholders by paying dividends for 19 consecutive years, according to InvestingPro. This commitment is reflected in the significant dividend yield of 8.22% for the trailing twelve months ended first quarter of 2024, which is particularly attractive to income-focused investors like Foxx.
InvestingPro’s Energy Transfer Tips highlights that the stock typically trades with low price volatility and is currently trading near its 52-week high, with the price 94.39% off that peak. These factors can provide a sense of stability and confidence to investors seeking consistent performance in a volatile energy sector. What’s more, analysts are forecasting that the company will be profitable this year, a trend supported by the fact that Energy Transfer was profitable over the last twelve months.
Readers looking for more in-depth analysis and additional InvestingPro LP Energy Transfer tips can explore the information at https://www.investing.com/pro/ET. There are currently 6 additional tips available that can provide valuable insight into a company’s financial health and future prospects. Moreover, users can avail an exclusive offer using a coupon code. PRONEWS24 to get an additional 10% off your annual or bi-annual Pro and Pro+ subscriptions at InvestingPro.
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