Cameco Co. (NYSE:CCJ) Stock Holdings Trimmed by Covea Finance

Covea Finance reduced its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,090,586 shares of the basic materials company's stock after selling 62,965 shares during the quarter. Cameco makes up approximately 2.5% of Covea Finance's investment portfolio, making the stock its 9th largest position. Covea Finance owned approximately 0.25% of Cameco worth $56,033,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Separately, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research note on Friday, October 4th. One equities 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $66.56.

Cameco Stock Up 1.3 %

NYSE CCJ traded up $0.64 during midday trading on Wednesday, hitting $49.70. 2,359,896 shares of the company traded hands, compared to its average volume of 3,525,084. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company's 50-day simple moving average is $54.63 and its 200-day simple moving average is $49.24. The company has a market cap of $21.64 billion, a PE ratio of 261.59 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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). The company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. As a group, equities research analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

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

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.