Kayne Anderson Capital Advisors LP Has $3.07 Million Stock Holdings in Cameco Corporation $CCJ

Kayne Anderson Capital Advisors LP raised its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,410 shares of the basic materials company’s stock after buying an additional 1,003 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Cameco were worth $3,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manchester Capital Management LLC grew its position in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Dagco Inc. acquired a new stake in Cameco during the first quarter worth $28,000. SVB Wealth LLC acquired a new stake in shares of Cameco during the 1st quarter valued at about $29,000. Trust Co. of Vermont increased its stake in Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Finally, Hilltop National Bank acquired a new position in Cameco in the second quarter worth about $30,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CCJ. UBS Group assumed coverage on Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Raymond James Financial raised their price objective on shares of Cameco to $150.00 in a report on Wednesday, October 29th. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group lifted their price objective on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and an average target price of $113.75.

Cameco Stock Performance

Shares of Cameco stock opened at $82.97 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The firm has a 50 day simple moving average of $88.20 and a 200 day simple moving average of $75.49. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $110.15. The firm has a market cap of $36.13 billion, a P/E ratio of 95.37 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Cameco’s revenue was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a $0.24 dividend. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a yield of 25.0%. The ex-dividend date is Monday, December 1st. Cameco’s dividend payout ratio (DPR) is currently 19.77%.

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.