W.G. Shaheen & Associates DBA Whitney & Co Raises Position in Cameco Co. (NYSE:CCJ)

W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 41.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,045 shares of the basic materials company's stock after buying an additional 66,144 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co owned approximately 0.05% of Cameco worth $10,700,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Cameco during the 1st quarter worth $232,000. US Bancorp DE boosted its position in shares of Cameco by 3.0% during the 1st quarter. US Bancorp DE now owns 26,933 shares of the basic materials company's stock worth $1,167,000 after purchasing an additional 773 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Cameco by 2.0% during the 1st quarter. Blair William & Co. IL now owns 30,087 shares of the basic materials company's stock worth $1,303,000 after purchasing an additional 601 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Cameco during the 1st quarter worth $1,056,000. Finally, Vanguard Group Inc. boosted its position in shares of Cameco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company's stock worth $689,306,000 after purchasing an additional 200,871 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Up 2.6 %

Shares of CCJ stock traded up $1.48 during trading hours on Tuesday, hitting $57.38. 3,786,823 shares of the company were exchanged, compared to its average volume of 4,451,197. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The firm has a fifty day moving average of $50.11 and a 200 day moving average of $48.41. The firm has a market cap of $24.97 billion, a PE ratio of 296.33 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results 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 firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. 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. Analysts expect that Cameco Co. will post 0.7 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.118 dividend. This is a positive change from Cameco's previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. Cameco's dividend payout ratio (DPR) is presently 47.37%.

Analyst Ratings Changes

Several brokerages have commented on CCJ. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Glj Research reaffirmed a "buy" rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. National Bank Financial raised Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Scotiabank cut their price target on Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Finally, Cantor Fitzgerald raised Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. One research 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 data from MarketBeat, Cameco has an average rating of "Buy" and an average price target of $66.56.

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.