SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.2% Passive Stake in Cameco Corp
Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed a Schedule 13G, reporting a passive beneficial ownership of 5.2% of Cameco Corp's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly filed a Schedule 13G, indicating beneficial ownership of Cameco Corp common stock.
- As of December 31, 2024, the aggregate amount beneficially owned by the reporting persons is 22,639,643.18 shares.
- This represents 5.2% of the total outstanding common stock of Cameco Corp.
- FMR LLC holds sole voting power over 22,181,837.08 shares and sole dispositive power over 22,639,643.18 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to have shared dispositive power over 22,639,643.18 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The document is neutral in tone, as it is a factual disclosure of ownership. The presence of a significant institutional investor holding a passive stake can be seen as a positive signal of confidence, hence a slightly positive score.
Positives
- A significant institutional investor, FMR LLC, maintains a substantial passive stake in Cameco Corp, indicating continued confidence in the company's long-term prospects.
- The filing confirms the stake is for investment purposes in the ordinary course of business, not for control-influencing activities, which suggests stability in the ownership structure.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."
Industry Context
This filing indicates a significant passive investment by a major financial institution in Cameco Corp, a prominent player in its industry. It reflects ongoing institutional interest in the sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holding, potentially reinforcing investor confidence.
- Regulatory Authorities: Fulfills SEC disclosure requirements for beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 2025-02-11 | Date of filing of this Schedule 13G statement. |
Keywords
Cameco Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Ownership Disclosure
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