Berkshire Hathaway fully acquires remaining 8% of Berkshire Hathaway Energy, signaling confidence in utility sector.

Berkshire Hathaway, under Warren Buffett, has acquired the remaining 8% of Berkshire Hathaway Energy, highlighting confidence in the utility sector. This follows over $100 billion in stock sales, including Apple and Bank of America. The energy sector's stable profit margins resemble a toll road model. The Vanguard Utilities ETF offers a low-cost way to invest in this sector, with a 3% yield, despite a higher P/E ratio, and presents a solid option for income-focused investors.

October 06, 2024
3 Articles