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

Shelton Wealth Management LLC lowered its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,833 shares of the basic materials company’s stock after selling 1,989 shares during the quarter. Shelton Wealth Management LLC’s holdings in Cameco were worth $1,276,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. Pingora Partners LLC purchased a new position in Cameco during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. lifted its stake in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco in the 3rd quarter valued at $38,000. Finally, JFS Wealth Advisors LLC lifted its position in 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 purchasing an additional 550 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 4.3 %

NYSE CCJ opened at $51.62 on Friday. 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 Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The business’s fifty day simple moving average is $54.53 and its 200-day simple moving average is $49.25. The firm has a market cap of $22.47 billion, a PE ratio of 271.69 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the prior year, the business earned $0.24 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, equities analysts anticipate that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco 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.