Cameco Co. (NYSE:CCJ) Shares Sold by Channel Wealth LLC

Channel Wealth LLC reduced its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,214 shares of the basic materials company's stock after selling 20,101 shares during the period. Channel Wealth LLC's holdings in Cameco were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 during the period. Pingora Partners LLC purchased a new stake in Cameco during the 3rd quarter worth $33,000. First Horizon Advisors Inc. lifted its holdings in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after buying an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Cameco in the 3rd quarter valued at about $38,000. Finally, JFS Wealth Advisors LLC grew 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 acquiring 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 raised Cameco to a "strong-buy" rating in a 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $66.56.

Cameco Stock Up 4.3 %

Shares of CCJ stock traded up $2.11 during trading hours on Friday, hitting $51.62. 5,715,755 shares of the company were exchanged, compared to its average volume of 3,644,446. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 271.69 and a beta of 0.95. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The business's 50-day simple moving average is $54.55 and its two-hundred day simple moving average is $49.24.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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). The firm had revenue of $721.00 million during 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%. Cameco's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. Sell-side analysts predict that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.118 dividend. This is an increase from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. Cameco's payout ratio is presently 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.