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Virginia’s 11th congressional district representative, Gerald E. Connolly, has made a series of partial sales in three major companies: Dominion Energy, Inc. (NYSE:D), Leidos Holdings , Inc. (NYSE:LDOS), and Science Applications (NASDAQ:SAIC) International Corporation (NYSE:SAIC). According to InvestingPro data, Dominion Energy currently maintains a market capitalization of $46 billion and will report its next earnings in 5 days.
All transactions were made on February 5, 2025, with each falling within the $1,001 - $15,000 range. These transactions were disclosed in the recent congressional trade report, highlighting the importance of transparency in the financial activities of congress members.
Dominion Energy, a leading energy producer and transporter with a notable 4.9% dividend yield, was the first company where Connolly executed a partial sale. The transaction involved common stocks, a type of investment that represents ownership in a corporation and constitutes a claim on part of the corporation’s assets and earnings. With InvestingPro subscribers having access to over 30 key financial metrics and exclusive insights, investors can make more informed decisions about their investments in companies like Dominion Energy.
Leidos Holdings, a global science and technology leader, was the second company where Connolly reduced his holdings. Similar to the Dominion Energy transaction, this involved common stocks, indicating a decrease in Connolly’s ownership stake in Leidos Holdings.
The third company involved in the series of transactions was Science Applications International Corporation, a premier technology integrator. Once again, the transaction involved common stocks, signalling a reduction in Connolly’s ownership in the company.
The transactions were made through a TIAA Joint account, a popular choice among investors for its wide range of investment options and financial services.
These transactions represent the changing investment strategies of Connolly. As these are partial sales, it suggests that while the congressman is reducing his stakes in these companies, he still maintains an interest in their performance.
Investors and market watchers often look to the financial activities of congress members as they can provide insights into the potential economic and legislative impacts on various sectors. However, it’s essential to remember that these transactions should not be taken as investment advice, but rather as a part of the broader market activity.
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