Rockefeller Capital Management L.P. Acquires 22,843 Shares of Cameco Co. (NYSE:CCJ)

Rockefeller Capital Management L.P. increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 28.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 104,370 shares of the basic materials company’s stock after purchasing an additional 22,843 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cameco were worth $4,985,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. William Blair Investment Management LLC grew its holdings in Cameco by 6.8% during the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock worth $204,672,000 after purchasing an additional 265,196 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Cameco by 4.7% during the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock worth $192,622,000 after acquiring an additional 176,183 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Cameco by 58.0% during the third 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 period. Cibc World Market Inc. boosted its holdings in shares of Cameco by 3.7% during the second quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock worth $161,022,000 after acquiring an additional 117,722 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Cameco by 16.9% during the second quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company’s stock worth $129,540,000 after acquiring an additional 381,176 shares during the period. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCJ. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank dropped their price target 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. Finally, Glj Research reiterated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. One 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Up 0.4 %

NYSE CCJ opened at $59.61 on Thursday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $61.05. The company has a 50 day moving average of $54.11 and a 200-day moving average of $49.12. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 313.73 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities research analysts expect that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s payout ratio is currently 63.16%.

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.