Tag: BRK.A

Warren Buffett’s Berkshire Hathaway Makes Several Changes in Portfolio (BRK.A)

Warren Buffett’s investment firm Berkshire Hathaway Inc. (NYSE: BRK.A) said in its regulatory filing that it has cut its stake in Coca Cola Co and raised its holdings in General Motor Co. In addition, Hathaway also said in its filing that it has taken a new position in Dish Network Corp during the fiscal second quarter. The filing also showed that Berkshire Hathaway brought down its stake in Wells Fargo & Co by 30%, cut holdings in American Express by 12% and lowered stake in Moody’s Corp by 12%. The Company cut its stake on Kraft Foods Group Inc by 88%, the filings showed.

Buffett’s Berkshire Hathaway Raises Stake in DaVita (BRK.A, DVA)

Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) bought another 639,200 shares of dialysis provider, DaVita HealthCare Partners Inc. (NYSE: DVA), last week. Buffett’s Company raised its stake after DaVita’s stocks fell sharply amid concerns over change in federal healthcare policy which can substantially reduce Medicare payments.

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Warren Buffett’s Berkshire Hathaway Crowned as the World’s Most Respected Company by Barron’s (BRK.A, AAPL, DIS, GOOG)

Globally renowned value investor, Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK.A) was rated as the world’s most respected company by Barron’s in its 2013 survey. Continue reading Warren Buffett’s Berkshire Hathaway Crowned as the World’s Most Respected Company by Barron’s (BRK.A, AAPL, DIS, GOOG)

Warren Buffett’s MidAmerican Holdings acquire NY Energy (NVE, BRK.A)

Warren Buffett has taken yet another bullish bet on the energy sector. MidAmerican Holdings, a unit held by Buffett’s Berkshire Hathaway (NYSE: BRK.A), announced on Wednesday that it has agreed to purchase NV Energy Inc. (NYSE: NVE), which is Nevada’s largest electricity utility, in a deal valued at $5.6 billion.

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Buffett Still Finds “Good Value” in Stocks (BRK.A)

Even as market participants are beginning to become slightly edgy over latest Bull Run on Wall Street, fearing whether the multi-year-high valuations are due to exuberance amid improving macroeconomic environment or backed by strong fundamentals, renowned value- investor, Warren Buffet believes that stocks still have “good value”.

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Heinz to be Acquired by Berkshire Hathaway and 3G Capital (HNZ, BRK.A)

H.J. Heinz (NYSE: HNZ) announced on Thursday that it has agreed to be acquired by Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) and private equity firm 3G Capital in deal estimated at more than $28 billion, which will also include debt, sending shares of ketchup making giant up by nearly 20% in premarket trading.

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Buffett’s MidAmerican Energy Buys Two Solar Projects from SunPower (SPWR, BRK.A)

SunPower Corp. (NASDAQ: SPWR) announced on Wednesday that it has sold two solar projects running in California to a firm controlled by Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK.A). In lieu, SunPower would receive about $2.5 billion along with related contracts.

Shares of SunPower climbed more than 30% in early trading on Thursday. On Wednesday, the stock gained 9% to $6.13, its highest level since last eight months.

In its regulatory filing, SunPower said Berkshire utility MidAmerican Energy Holdings Co. will pay SunPower between $2.0 billion and $2.5 billion for the 579-megawatt (MW) Antelope Valley solar projects which include the fees for designing, installing and constructing solar energy sites.

SunPower boasts these projects as world’s largest photovoltaic power development project and construction on this venture is expected to be completed by the end of 2015.

While speaking to Reuters, SunPower’s Chief Executive Tom Werner said investments from Buffet owned utility firm indicate endorsement of these projects,. He added that anticipated cash flows from these projects will only make SunPower more creditworthy and bankable.

“If you are a bank you are looking at us a lot differently today than you did last week,” said the CEO while speaking to Reuters.

However, analysts at Raymond James remained skeptical on the Company, citing that projects are too costly in the backdrop of falling margins and lack of demand for solar energy.

“( A deal with Buffest owned utility) does not alter the fact that SunPower retains a markedly high-cost structure and razor-thin margins in the context of a massively oversupplied market,” said Marshall Adkins, an analyst at Raymond James.

For MidAmerican Energy Holdings Co, addition of these two new projects will further increase firm’s growing footprint in clean energy business.

Earlier in 2011, MidAmerican acquired 49 percent stake in a 290 MW solar power plant in Arizona from NRG Energy Inc. (NYSE: NRG) and purchased First Solar Inc.’s (NASDAQ: FSLR) 550 MW Topaz Solar Farm power plant in California.

Buffett Bullish on Oil Stocks (BRK.A, NOV, PSX, INTC, COP, JNJ, PG, BK, DTV)

Warren Buffett’s investment company Berkshire Hathaway Inc. (NYSE: BRK.A) added new positions in National Oilwell Varco (NYSE: NOV) and Phillips 66 (NYSE: PSX), suggesting that the billionaire investor is bullish on oil companies.

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