Cameco Co. (NYSE:CCJ) Shares Bought by Dakota Wealth Management

Dakota Wealth Management lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,725 shares of the basic materials company’s stock after acquiring an additional 437 shares during the quarter. Dakota Wealth Management’s holdings in Cameco were worth $1,733,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCJ. Envestnet Asset Management Inc. lifted its holdings in shares of Cameco by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 208,184 shares of the basic materials company’s stock worth $10,243,000 after purchasing an additional 13,588 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Cameco by 20.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,838 shares of the basic materials company’s stock worth $484,000 after purchasing an additional 1,700 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Cameco by 285.3% in the 2nd quarter. Sei Investments Co. now owns 71,774 shares of the basic materials company’s stock worth $3,530,000 after purchasing an additional 53,144 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Cameco by 445.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,220 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 2,630 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Cameco by 6.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 58,870 shares of the basic materials company’s stock worth $2,896,000 after purchasing an additional 3,332 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 0.9 %

Shares of Cameco stock opened at $56.83 on Friday. The business’s fifty day moving average price is $54.57 and its two-hundred day moving average price is $49.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $24.74 billion, a P/E ratio of 299.13 and a beta of 0.95. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 25.4% on a year-over-year basis. As a group, research analysts forecast that Cameco Co. will post 0.47 EPS for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.118 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.