Joule Financial LLC Raises Stock Position in Cameco Co. (NYSE:CCJ)

Joule Financial LLC boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,175 shares of the basic materials company’s stock after purchasing an additional 3,678 shares during the period. Joule Financial LLC’s holdings in Cameco were worth $1,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. TrueWealth Advisors LLC purchased a new stake in shares of Cameco in the fourth quarter valued at about $470,000. Avanza Fonder AB acquired a new position in shares of Cameco in the 4th quarter valued at $2,292,000. First Pacific Financial purchased a new stake in shares of Cameco during the 4th quarter valued at $50,000. Wolff Wiese Magana LLC acquired a new stake in Cameco during the fourth quarter worth about $154,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in Cameco during the 4th quarter worth approximately $3,227,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Cameco Stock Up 4.3 %

Shares of Cameco stock opened at $51.62 on Friday. 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 Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The business has a 50-day moving average of $54.53 and a 200-day moving average of $49.24. The company has a market capitalization of $22.47 billion, a PE ratio of 271.69 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter last year, the company posted $0.24 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, equities analysts forecast that Cameco Co. will post 0.47 EPS for the current fiscal 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. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco’s dividend payout ratio (DPR) is 63.16%.

About Cameco

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.