Berkshire Hathaway will take full ownership of Berkshire Hathaway Energy, after Warren Buffett's conglomerate agreed to acquire the 8% it did not already own from the family of late billionaire philanthropist Walter Scott.

Berkshire is a conglomerate that owns a portfolio of subsidiaries as well as a portfolio of investments in outside companies, like its stake in Apple. Although the latter often gets more media attention, the businesses that Berkshire controls are a huge part of its bottom line.

Berkshire Hathaway has a broad portfolio of financially healthy companies. Read why BRK.A is an attractive addition to The Dividend Income Accelerator Portfolio.

Berkshire Hathaway continued to reduce its stake in Bank of America in recent days, selling 11.7 million shares for about $460 million and cutting its interest in the banking company to 10.3%. Berkshire sold the shares on Wednesday,

Warren Buffett has purchased $345 million worth of Berkshire Hathaway stock in the June quarter. This brings the year-to-date total to $2.6 billion and nearly $78 billion since 2018. Regular buybacks suggest that Buffett believes Berkshire stock is often undervalued.

These seven Warren Buffett picks make sense now for growth and income investors looking for top dividend stocks.

Billionaire investor Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) continued its recent sales of Bank of America (NYSE:BAC) shares on Friday, offloading roughly 3.9M shares to trim its stake to 10.