5 Nuclear Energy Stocks to Buy Now

2. BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 21

BHP Group Limited (NYSE:BHP) is a mining company based in Melbourne, Australia, that has interests in uranium properties and other sources of energy across Australia, Europe, China, Japan, India, South Korea, North America, South America, and internationally. 

On February 23, BHP Group Limited (NYSE:BHP) declared a $3.00 per share semi-annual dividend, a 25% decrease from its prior dividend of $4.00. The dividend is payable on March 28, to shareholders of record on February 25. 

Berenberg analyst Richard Hatch on February 23 raised the price target on BHP Group Limited (NYSE:BHP) to £2,300 from £2,200 and kept a Hold rating on the shares.

A total of 21 hedge funds were bullish on BHP Group Limited (NYSE:BHP) in Q4 2021, up from 21 funds in the prior quarter. Fisher Asset Management held the biggest stake in BHP Group Limited (NYSE:BHP), with 7.80 million shares worth approximately $471 million. 

Here is what Harding Loevner has to say about BHP Group (NYSE:BHP) in its Q1 2021 investor letter:

“Our purchase of Australian mining company BHP is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”