MinichMacGregor Wealth Management LLC Increases Position in Cameco Co. (NYSE:CCJ)

MinichMacGregor Wealth Management LLC increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 19.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,068 shares of the basic materials company’s stock after acquiring an additional 976 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Cameco were worth $312,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. Pingora Partners LLC purchased a new stake in Cameco in the third quarter worth about $33,000. First Horizon Advisors Inc. increased 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 valued at $37,000 after purchasing an additional 351 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Cameco in the 3rd quarter valued at about $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 5.3 %

Shares of Cameco stock opened at $56.38 on Thursday. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The firm’s 50 day moving average price is $54.50 and its 200-day moving average price is $49.27. 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 company has a market cap of $24.54 billion, a P/E ratio of 296.73 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. On average, sell-side 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. Shareholders of record on Wednesday, November 27th were issued a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $66.56.

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.