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Virginia Foxx from North Carolina's 5th district invests in Energy Transfer and AT&T

EditorNatashya Angelica
Published 2024-06-07, 05:16 p/m
© Reuters

North Carolina's 5th congressional district representative, Virginia Foxx, has recently made several new investments. According to the latest congressional trade report, Foxx purchased stocks in several companies, including Energy Transfer LP (NYSE:ET) and AT&T Inc. (NYSE:T$A).

The report reveals Foxx made several purchases in Energy Transfer LP, a major player in the natural gas and propane industry. The transactions occurred on three different dates: May 1, May 2, and May 20, 2024. Each purchase was valued 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% Perpetual Preferred Stock, Series A, caught the congresswoman's attention. The investment took place on May 1, 2024, with the same value range as the Energy Transfer transactions.

The congressional trade report also highlights an investment in Alliance Resource (NASDAQ:ARLP) Partners, L.P. (NASDAQ:ARLP). The congresswoman purchased Common Units Representing Limited Partnership Interests on May 15, 2024. The value of this transaction also falls within the $1,001 to $15,000 range.

Finally, on May 21, 2024, Foxx purchased shares in Hercules Capital, Inc. (NYSE:NYSE:HTGC), a business development company specializing in providing venture debt and equity to technology, life sciences, and sustainable and renewable technology industries.

All transactions were new filings, indicating that these are fresh investments made by the congresswoman. The report does not disclose the exact accounts used for these trades, but it underscores the importance of transparency in the financial dealings of public 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 from North Carolina's 5th congressional district.

InvestingPro Insights

Representative Virginia Foxx's recent investments in Energy Transfer LP (NYSE:ET) align with the company's solid performance and investor-friendly attributes. According to InvestingPro data, Energy Transfer boasts a market capitalization of $52.2 billion and has shown a commitment to shareholder returns, maintaining dividend payments for 19 consecutive years. This dedication is reflected in a significant dividend yield of 8.22% as of the last twelve months ending Q1 2024, which is particularly attractive for income-focused investors like Foxx.

InvestingPro Tips for Energy Transfer highlight that the stock generally trades with low price volatility and is currently trading near its 52-week high, with the price representing 94.39% of this peak. These factors may offer a sense of stability and confidence for investors looking for steady performance in the volatile energy sector. Moreover, analysts predict the company will be profitable this year, a trend supported by the fact that Energy Transfer has been profitable over the last twelve months.

For readers seeking more in-depth analysis and additional InvestingPro Tips on Energy Transfer LP, they can explore further at https://www.investing.com/pro/ET. There are currently 6 additional tips available, which could 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 additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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