Shelton Wealth Management LLC Decreases Stake in Cameco Co. (NYSE:CCJ)

Shelton Wealth Management LLC lessened its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.4% in the 4th quarter, HoldingsChannel reports. The fund owned 24,833 shares of the basic materials company’s stock after selling 1,989 shares during the period. Shelton Wealth Management LLC’s holdings in Cameco were worth $1,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc grew its position in shares of Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. M&G PLC purchased a new position in Cameco during the third quarter worth about $66,227,000. Segra Capital Management LLC acquired a new position in Cameco during the 3rd quarter worth approximately $53,013,000. Fred Alger Management LLC raised its stake in shares of Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after buying an additional 839,077 shares in the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in shares of Cameco in the second quarter valued at about $32,740,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 4.3 %

Shares of CCJ stock opened at $51.62 on Friday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 271.69 and a beta of 0.95. The firm has a 50-day moving average price of $54.53 and a 200 day moving average price of $49.25. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly 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 return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period last year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. Research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.118 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 63.16%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report 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. According to MarketBeat.com, Cameco presently 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.