Cameco Co. (NYSE:CCJ) Shares Bought by Joule Financial LLC

Joule Financial LLC lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.9% during the fourth quarter, Holdings Channel reports. The firm owned 24,175 shares of the basic materials company’s stock after buying an additional 3,678 shares during the period. Joule Financial LLC’s holdings in Cameco were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the period. Pingora Partners LLC acquired a new stake in Cameco in the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. boosted its position in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Cameco during the third quarter valued at $38,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One 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. According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Performance

CCJ opened at $51.62 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $22.47 billion, a PE ratio of 271.69 and a beta of 0.95. The business has a fifty day simple moving average of $54.53 and a 200-day simple moving average of $49.24. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week 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) 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 firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, equities analysts predict that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

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