ENB - Warren Buffett Owns 21000 Miles of Energy Pipelines. Want to Invest Like Him? Buy This High-Yield Midstream Stock
2024-04-04 03:45:00 ET
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is probably best known for its insurance operations, which are where a lot of the individual stocks that company owns reside. But it is really a massive and diversified conglomerate. One area in which CEO Warren Buffett has invested quite heavily is energy, with a specific focus on pipelines. Enbridge (NYSE: ENB) is a way you can do the exact same thing while collecting an attractive 7.5% dividend yield.
A big portion of the business that Warren Buffett built is in the insurance space. But Berkshire Hathaway is so much more than that. Yes, it owns a lot of individual stocks , which get a huge amount of attention on Wall Street. But that's largely a part of the insurance business, given that the premiums the company collects are what provides the cash used to invest in individual stocks. There are also entire businesses that have been bought by Berkshire Hathaway that are not at all related to insurance.
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Warren Buffett Owns 21,000 Miles of Energy Pipelines. Want to Invest Like Him? Buy This High-Yield Midstream Stock