Foster Victor Wealth Advisors LLC Has $8.02 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Foster Victor Wealth Advisors LLC reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 155,406 shares of the basic materials company’s stock after selling 11,389 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Cameco were worth $8,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Parsons Capital Management Inc. RI acquired a new position in Cameco during the 4th quarter valued at about $1,538,000. Union Bancaire Privee UBP SA bought a new position in shares of Cameco in the fourth quarter valued at approximately $1,420,000. Blue Trust Inc. boosted its position in shares of Cameco by 31.9% during the fourth quarter. Blue Trust Inc. now owns 2,077 shares of the basic materials company’s stock valued at $99,000 after buying an additional 502 shares during the last quarter. Drive Wealth Management LLC purchased a new stake in Cameco in the 4th quarter valued at $223,000. Finally, Jamison Private Wealth Management Inc. raised its position in Cameco by 18.2% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 7,941 shares of the basic materials company’s stock valued at $408,000 after buying an additional 1,223 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded shares of 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 given a strong buy rating to the company’s stock. According to MarketBeat, Cameco currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Up 2.3 %

Shares of Cameco stock opened at $48.59 on Wednesday. The stock has a fifty day moving average price of $54.53 and a 200-day moving average price of $49.35. 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 firm has a market cap of $21.15 billion, a PE ratio of 255.77 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 quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 25.4% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.118 per share. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio is 63.16%.

About Cameco

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.