SkyOak Wealth LLC Makes New Investment in Cameco Co. (NYSE:CCJ)

SkyOak Wealth LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,000 shares of the basic materials company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning increased its position in Cameco by 53.4% in the second quarter. Creative Planning now owns 50,352 shares of the basic materials company’s stock worth $2,477,000 after buying an additional 17,536 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Cameco by 78.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,788 shares of the basic materials company’s stock worth $285,000 after acquiring an additional 2,552 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Cameco in the 2nd quarter worth approximately $542,000. Sanctuary Advisors LLC purchased a new position in Cameco during the second quarter valued at approximately $349,000. Finally, Park Avenue Securities LLC boosted its position in shares of Cameco by 18.9% in the third quarter. Park Avenue Securities LLC now owns 4,975 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 790 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 1.7 %

Shares of CCJ stock opened at $49.43 on Monday. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 260.17 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company’s fifty day moving average price is $53.78 and its 200-day moving average price is $49.30. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million during 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 business’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. Sell-side analysts expect that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently disclosed 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 was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is presently 63.16%.

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.