Reported about 8 hours ago
Berkshire Hathaway, led by Warren Buffett, has acquired the remaining 8% of Berkshire Hathaway Energy, demonstrating strong confidence in the utility sector amidst significant stock selling in other areas. This raises the question of whether it's time to invest in utility dividend stocks, particularly through options like the Vanguard Utilities ETF, which has shown impressive returns this year. The recent rebound in the sector, fueled by lower interest rates and increased demand, presents an opportunity for investors seeking passive income.
Source: YAHOO