Given his status as one of the greatest investors of all time, paying attention to what he says can provide plenty of insight for investors. However, following what the Oracle of Omaha does with his money is another matter. It’s here that investors can really get to the meat and potatoes of what Buffett is thinking. And right now, Buffett has utility assets on the brain.
In one of his biggest buys in years, Buffett has finally opened his wallet and made a big bet on pipelines and regulated natural gas assets.
This is significant in a number of ways. Buffett is clearly signaling that he sees value in the sector. From cash flows and dividends to overall valuation, there’s a lot to like about utilities in the current environment. And with Buffett’s seal of approval, it might be time to buy into the sector.
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