AustralianSuper Pty Ltd Grows Position in Suncor Energy Inc. (NYSE:SU)

AustralianSuper Pty Ltd lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1,025.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,149,643 shares of the oil and gas producer's stock after acquiring an additional 1,958,570 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.17% of Suncor Energy worth $83,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Suncor Energy by 65.0% in the first quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after purchasing an additional 6,311,513 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Suncor Energy by 500.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock worth $87,459,000 after purchasing an additional 2,044,680 shares in the last quarter. Geode Capital Management LLC raised its holdings in Suncor Energy by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 7,629,169 shares of the oil and gas producer's stock worth $278,537,000 after purchasing an additional 1,737,573 shares in the last quarter. Two Sigma Investments LP raised its holdings in Suncor Energy by 168.8% in the fourth quarter. Two Sigma Investments LP now owns 1,729,654 shares of the oil and gas producer's stock worth $61,714,000 after purchasing an additional 1,086,065 shares in the last quarter. Finally, Mufg Securities Canada LTD. raised its holdings in Suncor Energy by 70.3% in the fourth quarter. Mufg Securities Canada LTD. now owns 1,919,654 shares of the oil and gas producer's stock worth $68,477,000 after purchasing an additional 792,130 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Down 0.7%

Shares of NYSE SU traded down $0.26 during trading on Friday, reaching $38.83. The company had a trading volume of 3,205,791 shares, compared to its average volume of 4,486,389. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The stock has a market cap of $47.47 billion, a PE ratio of 11.19, a P/E/G ratio of 3.37 and a beta of 0.80. The business's 50-day moving average is $37.73 and its 200 day moving average is $37.28. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The company had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same period last year, the firm posted $1.41 earnings per share. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a dividend of $0.4133 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a dividend yield of 4.26%. Suncor Energy's dividend payout ratio (DPR) is 47.84%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.00.

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.