Sumitomo Mitsui Trust Group Inc. Has $25.51 Million Stake in Cameco Co. (NYSE:CCJ)

Sumitomo Mitsui Trust Group Inc. reduced its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 534,057 shares of the basic materials company’s stock after selling 68,980 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Cameco were worth $25,507,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Cameco by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after buying an additional 200,871 shares during the last quarter. Capital World Investors lifted its position in Cameco by 1.6% during the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after acquiring an additional 215,741 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Cameco by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock valued at $282,210,000 after acquiring an additional 202,157 shares during the period. William Blair Investment Management LLC grew its position in shares of Cameco by 6.8% in the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after purchasing an additional 265,196 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Cameco by 4.7% in 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 purchasing an additional 176,183 shares during the period. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several recent analyst reports. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One 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 stock currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Up 0.9 %

Shares of CCJ stock opened at $53.59 on Friday. Cameco Co. has a one year low of $35.43 and a one year high of $58.72. 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 stock has a fifty day moving average price of $49.73 and a 200 day moving average price of $48.33. The stock has a market cap of $23.32 billion, a P/E ratio of 282.05 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business 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%. Cameco’s revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. Analysts predict that Cameco Co. will post 0.69 earnings per share for the current year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.118 dividend. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s dividend payout ratio is currently 57.89%.

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.