Virginia Foxx, North Carolina’s fifth congressional district representative, recently made several new investments. According to Congress’ latest trade report, Foxx has purchased shares of several companies, including Energy transfer LP (NYSE:) and AT&T Inc. (NYSE:T$A).
The report shows that Foxx has made several purchases in Energy Transfer LP, a major player in the propane industry. The transactions took place on three different dates: May 1, May 2 and May 20, 2024. Each purchase had a value between $1,001 and $15,000.
In addition to Energy Transfer, Virginia Foxx also invested in AT&T Inc. The telecom giant’s Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Series A perpetual preferred stock, caught the congressman’s attention. The investment took place on May 1, 2024, with the same value range as the Energy Transfer transactions.
Congress’s trade report also highlights an investment in Alliance Resource (NASDAQ:) Partners, LP (NASDAQ:ARLP). The congressman purchased Common Units Representing Limited Partnership Interests on May 15, 2024. The value of this transaction also falls within the range of $1,001 to $15,000.
Finally, on May 21, 2024, Foxx purchased shares in Hercules Capital, Inc. (NYSE:NYSE:), a business development company specializing in providing venture capital and equity capital to the technology, life sciences, and sustainable and renewable technology industries.
All transactions were new filings, indicating that these are new investments made by the congressman. The report does not disclose the exact accounts used for these transactions, but underlines the importance of transparency in the financial transactions of government officials.
In conclusion, Virginia Foxx is making a series of new investments in various sectors, including energy, telecommunications and finance. These transactions provide a glimpse into the investment strategies and preferences of the representative of North Carolina’s 5th Congressional District.
InvestingPro Insights
Rep. Virginia Foxx’s recent investments in Energy Transfer LP (NYSE:ET) are in line with the company’s solid performance and investor-friendly characteristics. According to data from InvestingPro, Energy Transfer has a market capitalization of $52.2 billion and has demonstrated a commitment to shareholder returns, maintaining dividend payments for 19 consecutive years. This commitment is reflected in a significant dividend yield of 8.22% over the trailing twelve months ending in the first quarter of 2024, which is particularly attractive to income-oriented investors like Foxx.
InvestingPro Tips for Energy Transfer highlights that the stock is generally trading with low price volatility and is currently trading near its 52-week high, with the price making up 94.39% of this peak. These factors can provide a sense of stability and confidence to investors looking for steady performance in the volatile energy sector. Furthermore, analysts predict that the company will be profitable this year, a trend supported by the fact that Energy Transfer has been profitable over the past twelve months.
For readers looking for more in-depth analysis and additional InvestingPro tips on Energy Transfer LP, continue searching at https://www.investing.com/pro/ET. There are currently six additional tips available that can provide valuable insights into the company’s financial health and future prospects. Moreover, users can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an extra 10% discount on an annual or biennial Pro and Pro+ subscription with InvestingPro.
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