Brown Advisory Inc. Has $129.62 Million Position in Suncor Energy Inc. (NYSE:SU)

Brown Advisory Inc. increased its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 8.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,347,712 shares of the oil and gas producer's stock after purchasing an additional 266,500 shares during the period. Brown Advisory Inc. owned approximately 0.27% of Suncor Energy worth $129,623,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SU. Principal Financial Group Inc. lifted its position in shares of Suncor Energy by 65.0% during the 1st 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 during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Suncor Energy by 2,061.8% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,438,291 shares of the oil and gas producer's stock worth $86,990,000 after purchasing an additional 2,325,503 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Suncor Energy by 500.4% during the 4th 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Suncor Energy by 29.5% during the 4th 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 during the last quarter. Finally, Ninepoint Partners LP lifted its position in shares of Suncor Energy by 2,030.3% during the 4th quarter. Ninepoint Partners LP now owns 1,573,648 shares of the oil and gas producer's stock worth $56,148,000 after purchasing an additional 1,499,779 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Price Performance

SU traded up $0.29 during midday trading on Wednesday, reaching $39.11. 776,891 shares of the company's stock were exchanged, compared to its average volume of 4,966,382. The firm has a market capitalization of $47.81 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 3.14 and a beta of 0.80. 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 Inc. has a one year low of $30.79 and a one year high of $41.94. The business has a 50-day simple moving average of $37.03 and a two-hundred day simple moving average of $37.06.

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

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.4133 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.23%. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is 47.55%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

About Suncor Energy

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.