5 Best Nuclear Stocks to Buy Now

3. BHP Group Ltd. (NYSE:BHP)

Number of Hedge Fund Holders: 19      

BHP Group Ltd. (NYSE:BHP) operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The firm is one of the few uranium stocks with an excellent dividend profile. The company has consistently paid a dividend to shareholders for the past thirteen years. In the past two years, these payouts have registered consistent growth as well. In late August, BHP Group Ltd. (NYSE:BHP) declared a semi-annual dividend of $3.50 per share, an increase of 16% from the prior dividend. 

On August 17, investment advisory Credit Suisse maintained a Neutral rating on BHP Group Ltd. (NYSE:BHP) stock and raised the price target to GBP 2,300 from GBP 2,200. Analyst Danielle Chigumira issued the ratings update. 

At the end of the second quarter of 2022, 19 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in BHP Group Ltd. (NYSE:BHP), compared to 19 in the preceding quarter worth $2.2 billion.  

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and BHP Group Ltd. (NYSE:BHP) was one of them. Here is what the fund said:

“Our purchase of Australian mining company BHP Group Ltd. (NYSE: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.”