Janney Montgomery Scott LLC Has $4.72 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Janney Montgomery Scott LLC raised its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 98.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,767 shares of the basic materials company’s stock after buying an additional 45,549 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Cameco were worth $4,716,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dantai Capital Ltd increased its stake in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new position in Cameco in the 4th quarter valued at approximately $895,000. iA Global Asset Management Inc. acquired a new position in Cameco in the 3rd quarter valued at approximately $5,305,000. Telemark Asset Management LLC increased its stake in Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after buying an additional 100,000 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock valued at $12,774,000 after buying an additional 245,831 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ opened at $50.14 on Thursday. The company’s fifty day moving average is $54.35 and its 200-day moving average is $49.32. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 263.90 and a beta of 0.95. 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 (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm 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%. Cameco’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts expect 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 issued a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio is currently 63.16%.

Analysts Set New Price Targets

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

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.