Cameco Co. (NYSE:CCJ) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,335 shares of the basic materials company’s stock after selling 652 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Cameco were worth $255,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 238 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the period. LRI Investments LLC lifted its holdings in shares of Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 234 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Cameco by 130.6% during the 3rd 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. Finally, Stone House Investment Management LLC grew its stake in Cameco by 1,360.0% during the 3rd quarter. Stone House Investment Management LLC now owns 1,022 shares of the basic materials company’s stock worth $49,000 after buying an additional 952 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

Shares of NYSE CCJ opened at $54.27 on Friday. The firm’s 50-day simple moving average is $55.27 and its 200 day simple moving average is $49.37. The stock has a market cap of $23.62 billion, a P/E ratio of 286.70 and a beta of 0.91. 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 fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Equities analysts expect that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCJ. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Scotiabank decreased their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Cameco has an average 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.