Virginia Foxx, the Congresswoman representing North Carolina's 5th congressional district, has recently made several stock purchases, according to the latest congressional trade report.
Foxx bought shares in Alliance Resource (NASDAQ:ARLP) Partners, L.P. (NASDAQ:ARLP), a firm that offers common units representing limited partnership interests. The transaction, which occurred on November 14, 2024, was valued between $1,001 and $15,000. ARLP currently offers an attractive 10.8% dividend yield and has maintained dividend payments for 26 consecutive years, according to InvestingPro data. The stock has delivered impressive returns, up 55.4% over the past year, and appears undervalued based on InvestingPro's Fair Value analysis.
On November 1, 2024, Foxx also purchased depositary shares in AT&T Inc. (NYSE:T$A). Each share represents a 1/1,000th interest in a share of 5.000% Perpetual Preferred Stock, Series A. This investment was also valued between $1,001 and $15,000.
Energy Transfer LP (NYSE:NYSE:ET) was another company in which Foxx showed interest. On November 19, 2024, she purchased common units of the company, with the transaction value falling in the same range of $1,001 to $15,000.
Lastly, on November 20, 2024, Foxx bought shares in Hercules Capital, Inc. (NYSE:NYSE:HTGC), a business development company. The investment was again valued between $1,001 and $15,000.
All transactions were reported on December 11, 2024, and marked as new filings. The type of account used for these transactions was not specified in the congressional trade report.
These investments highlight Foxx's interest in a diverse portfolio, spanning from telecommunications to energy and business development sectors. As a congresswoman, Foxx's trading activity is closely watched, providing insight into the financial decisions made by those in the corridors of power.
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