Heritage Wealth Management Inc. Boosts Stock Position in Cameco Co. (NYSE:CCJ)

Heritage Wealth Management Inc. grew its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 280.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,625 shares of the basic materials company’s stock after buying an additional 22,575 shares during the period. Heritage Wealth Management Inc.’s holdings in Cameco were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in shares of Cameco by 207.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,990 shares of the basic materials company’s stock valued at $346,000 after buying an additional 5,390 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 600 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Cameco in the first quarter valued at approximately $232,000. Capital Wealth Planning LLC raised its position in Cameco by 63.3% in the 1st quarter. Capital Wealth Planning LLC now owns 82,184 shares of the basic materials company’s stock valued at $3,560,000 after purchasing an additional 31,866 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Cameco during the 1st quarter worth $295,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCJ has been the subject of a number of research reports. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reiterated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

NYSE:CCJ traded down $0.31 during trading hours on Friday, hitting $53.27. The company’s stock had a trading volume of 287,862 shares, compared to its average volume of 4,395,236. The company has a market capitalization of $23.18 billion, a PE ratio of 124.63 and a beta of 0.89. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $58.72. The business’s 50-day moving average is $48.03 and its two-hundred day moving average is $48.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The company had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. During the same quarter last year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio is currently 18.60%.

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.