Cypress Capital Management LLC WY Has $2.01 Million Stake in Cameco Corporation $CCJ

Cypress Capital Management LLC WY lowered its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,030 shares of the basic materials company’s stock after selling 1,215 shares during the quarter. Cameco makes up approximately 2.2% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 13th largest position. Cypress Capital Management LLC WY’s holdings in Cameco were worth $2,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MetLife Investment Management LLC bought a new stake in shares of Cameco during the first quarter worth $2,131,000. TD Asset Management Inc lifted its stake in shares of Cameco by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after acquiring an additional 77,081 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of Cameco by 50.0% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after acquiring an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its position in Cameco by 41.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock worth $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its position in Cameco by 74.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after acquiring an additional 20,947 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CCJ. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. CLSA initiated coverage on shares of Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective for the company. UBS Group set a $102.00 target price on shares of Cameco in a report on Tuesday, September 9th. The Goldman Sachs Group boosted their price objective on shares of Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, TD Securities restated a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of $102.61.

Cameco Trading Up 2.3%

CCJ opened at $92.30 on Friday. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15. The company has a fifty day moving average of $86.73 and a 200-day moving average of $73.18. The stock has a market cap of $40.19 billion, a PE ratio of 106.09 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. This represents a yield of 25.0%. The ex-dividend date is Monday, December 1st. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is 13.79%.

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.