Suncor Energy Inc. (NYSE:SU) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,885 shares of the oil and gas producer’s stock after purchasing an additional 646 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Suncor Energy were worth $1,389,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SU. Jupiter Asset Management Ltd. boosted its holdings in shares of Suncor Energy by 2,061.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer’s stock valued at $86,990,000 after acquiring an additional 2,325,503 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Suncor Energy by 500.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer’s stock valued at $87,459,000 after acquiring an additional 2,044,680 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Suncor Energy by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer’s stock valued at $278,537,000 after acquiring an additional 1,737,573 shares during the last quarter. Ninepoint Partners LP boosted its holdings in shares of Suncor Energy by 2,030.3% in the 4th quarter. Ninepoint Partners LP now owns 1,573,648 shares of the oil and gas producer’s stock valued at $56,148,000 after acquiring an additional 1,499,779 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Suncor Energy by 168.8% in the 4th quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer’s stock valued at $61,714,000 after acquiring an additional 1,086,065 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of NYSE SU opened at $38.41 on Friday. The company’s fifty day moving average price is $36.93 and its 200 day moving average price is $36.99. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The company has a market capitalization of $46.96 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 3.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.39.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. Suncor Energy had a net margin of 11.95% and a return on equity of 14.90%. During the same period last year, the firm posted $1.41 earnings per share. On average, research analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.4133 per share. This represents a $1.65 annualized dividend and a yield of 4.30%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 47.84%.

Analysts Set New Price Targets

SU has been the topic of several recent research reports. Scotiabank raised shares of Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Wall Street Zen downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.