Kayne Anderson Capital Advisors LP Has $1.36 Million Position in Cameco Co. (NYSE:CCJ)

Kayne Anderson Capital Advisors LP trimmed its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 85.0% in the third quarter, HoldingsChannel reports. The firm owned 28,528 shares of the basic materials company’s stock after selling 162,074 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Cameco were worth $1,362,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Cameco during the 1st quarter worth approximately $232,000. US Bancorp DE raised its position in Cameco by 3.0% in the 1st quarter. US Bancorp DE now owns 26,933 shares of the basic materials company’s stock valued at $1,167,000 after buying an additional 773 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Cameco by 2.0% in the first quarter. Blair William & Co. IL now owns 30,087 shares of the basic materials company’s stock worth $1,303,000 after purchasing an additional 601 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Cameco in the first quarter valued at about $1,056,000. Finally, Vanguard Group Inc. raised its position in Cameco by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after acquiring an additional 200,871 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 0.9 %

Shares of CCJ stock opened at $53.59 on Monday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72. The stock has a 50-day moving average of $49.73 and a 200-day moving average of $48.35. The stock has a market cap of $23.32 billion, a price-to-earnings ratio of 282.07 and a beta of 0.89. 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 (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 return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period last year, the business earned $0.24 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts forecast that Cameco Co. will post 0.7 earnings per share for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio is currently 47.37%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Finally, Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.