Cypress Capital Management LLC WY Sells 1,139 Shares of Cameco Co. (NYSE:CCJ)

Cypress Capital Management LLC WY trimmed its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,513 shares of the basic materials company’s stock after selling 1,139 shares during the period. Cameco accounts for approximately 1.7% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 17th biggest position. Cypress Capital Management LLC WY’s holdings in Cameco were worth $1,517,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. CIBC Asset Management Inc increased its holdings in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. M&G PLC acquired a new position in Cameco in the 3rd quarter valued at about $66,227,000. Segra Capital Management LLC bought a new position in Cameco in the 3rd quarter valued at about $53,013,000. Fred Alger Management LLC lifted its position in Cameco by 99.7% during the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after acquiring an additional 839,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cameco Price Performance

CCJ stock opened at $50.22 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. The company’s fifty day simple moving average is $54.20 and its 200 day simple moving average is $49.33. 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 $21.86 billion, a price-to-earnings ratio of 264.32 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts expect 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 given a $0.118 dividend. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s payout ratio is presently 63.16%.

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.