Canandaigua National Bank & Trust Co. Takes Position in Cameco Co. (NYSE:CCJ)

Canandaigua National Bank & Trust Co. bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,009 shares of the basic materials company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of CCJ. Capital Market Strategies LLC boosted its holdings in shares of Cameco by 5.3% in the 4th quarter. Capital Market Strategies LLC now owns 19,383 shares of the basic materials company’s stock valued at $996,000 after buying an additional 980 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Cameco by 3.2% in the fourth quarter. Confluence Investment Management LLC now owns 22,815 shares of the basic materials company’s stock valued at $1,172,000 after acquiring an additional 697 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of 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 acquiring an additional 245,831 shares during the period. Dantai Capital Ltd increased its stake in shares of Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Cameco by 12.2% in the 3rd quarter. Synovus Financial Corp now owns 128,137 shares of the basic materials company’s stock valued at $6,120,000 after purchasing an additional 13,901 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $51.54 on Wednesday. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a market capitalization of $22.43 billion, a price-to-earnings ratio of 271.28 and a beta of 0.95. The company has a 50-day simple moving average of $54.95 and a 200 day simple moving average of $49.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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). 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%. The company’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, sell-side analysts predict that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s dividend payout ratio (DPR) is presently 57.89%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.