Cameco Co. (NYSE:CCJ) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,815 shares of the basic materials company’s stock after buying an additional 697 shares during the quarter. Confluence Investment Management LLC’s holdings in Cameco were worth $1,172,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of Cameco by 1,138.1% during the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after purchasing an additional 245,831 shares during the period. Dantai Capital Ltd lifted its position in shares of Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares during the period. Synovus Financial Corp boosted its stake in shares of Cameco by 12.2% during the 3rd quarter. Synovus Financial Corp now owns 128,137 shares of the basic materials company’s stock worth $6,120,000 after acquiring an additional 13,901 shares in the last quarter. Tidal Investments LLC increased its stake in Cameco by 9.2% in the 3rd quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company’s stock valued at $1,213,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Cameco during the third quarter worth $38,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Cameco Trading Up 1.5 %

Cameco stock opened at $52.16 on Friday. The stock has a market cap of $22.70 billion, a PE ratio of 274.54 and a beta of 0.91. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $54.97 and a 200 day moving average price of $49.26. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same period in the prior year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts predict that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 57.89%.

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.