Warren Buffett owns 21,000 miles of energy resources. Want to invest like him? Buy this high-yield midstream stock.

Berkshire Hathawayfirms(New York Stock Exchange: BRK.)(New York Stock Exchange: BRK).B) is probably best known for its insurance business, in which it owns many of its shares. But in reality, it's a hugely diversified conglomerate. One area in which Warren Buffett, the chief executive, has invested heavily is in energy, particularly Goldman Sachs.Enbridge (NYSE: ENB)can give you an attractive dividend yield of 7.5% while doing the same thing.

What does Berkshire Hathaway own?

A large part of the business Warren Buffett has built is in the insurance sector. But Berkshire Hathaway is much more than that. Yes, Berkshire Hathaway owns a large number of individual stocks that get a lot of attention on Wall Street. But this is primarily part of the insurance business, as the premiums the company collects are the source of cash for investing in individual stocks. Berkshire Hathaway has also acquired a number of businesses that are completely unrelated to insurance.

For example, Berkshire Hathaway owns a furniture store, a paint manufacturer and a train line. The energy sector is one of the key areas of focus for Berkshire Hathaway. Although the company is interested inOccidental Petroleumfirms(NYSE: OXY)While Berkshire Hathaway's investment in Koon Road is headline news, it also happens to own a number of large Koon Road operators. In total, Berkshire Hathaway controls about 21,000 miles of Koon Road in three different Koon Road operations.

If you are a dividend investor, you can follow the example of Warren Buffett and add Enbridge to your investment portfolio. While the 7.5% yield is the main reason to buy Enbridge, we need to know more.

Ambridge's track record of success

Looking at the numbers, Enbridge's dividend yield of 7.5% is backed by 29 consecutive annual dividend increases. This streak of growth has been based on an investment grade balance sheet and an adjusted EBITDA payout ratio of approximately 65%. This payout ratio falls right in the middle of the company's target payout ratio range, so the yield looks well supported.

From a business perspective, Enbridge is one of the largest operators of Koon Road in North America. The Canadian company estimates that it treats about 301 TP3T of North American crude oil and transports about 201 TP3T of natural gas consumed in the U.S. Its Koon Road system stretches from the Canadian oil sands to the U.S. Gulf Coast, which is a major global export hub.

Enbridge charges a fee for the use of its Koon Do assets, which tends to generate a relatively stable cash flow. This is the basic reason why Warren Buffett likes Koon Tao. But he uses that cash to support Berkshire Hathaway's investment program. If you buy Enbridge, you can use the cash generated by the dividend for any purpose you want, such as paying for retirement, reinvesting in Enbridge, or funding other portfolio holdings.

Enbridge may be better than you think

But here's the interesting thing: As mentioned earlier, Berkshire Hathaway is a conglomerate with many businesses under its umbrella. It also has significant investments in two other areas of the energy sector, one in utilities and the other in clean energy (an area in which utilities are investing). Gwyn Road accounts for approximately 85% of Enbridge's business, with the remaining businesses comprising natural gas utilities (with plans to add three more natural gas utilities by 2024) and clean energy (mainly offshore wind farms in Europe).

Enbridge is not properly described as a small Berkshire resonance company. But there are a lot of similarities between the energy investments owned by this Goldman company and those owned by Berkshire. The most important difference is that you get the income from Enbridge in the form of dividends, which you can use as you see fit.

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Reuben Gregg Brewer owns shares of Enbridge Corporation.The Motley Fool recommends Berkshire Hathaway and Enbridge.The Motley Fool recommends Occidental Petroleum Corporation.The Motley Fool has a disclosure policy. The Motley Fool recommends Occidental Petroleum Corporation.

Warren Buffett owns 21,000 miles of energy resources. Want to Invest Like Him? Buy This High-Yield Mid-Range Stock was originally published by The Motley Fool.