Brown Advisory Inc. Boosts Stake in Suncor Energy Inc. (NYSE:SU)

Brown Advisory Inc. raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 8.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,347,712 shares of the oil and gas producer's stock after buying an additional 266,500 shares during the period. Brown Advisory Inc. owned about 0.27% of Suncor Energy worth $129,623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its position in Suncor Energy by 250.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer's stock valued at $759,000 after acquiring an additional 14,163 shares during the last quarter. Sei Investments Co. boosted its position in shares of Suncor Energy by 2.5% during the 4th quarter. Sei Investments Co. now owns 444,201 shares of the oil and gas producer's stock valued at $15,849,000 after purchasing an additional 10,852 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Suncor Energy by 4.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer's stock worth $361,227,000 after purchasing an additional 437,252 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Suncor Energy by 20.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,046,513 shares of the oil and gas producer's stock worth $37,336,000 after purchasing an additional 178,727 shares in the last quarter. Finally, Principal Financial Group Inc. grew 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 buying an additional 6,311,513 shares during the period. Institutional investors own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Wall Street Zen cut shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Suncor Energy has an average rating of "Moderate Buy" and an average price target of $64.67.

Suncor Energy Stock Up 1.8%

Shares of NYSE:SU traded up $0.69 during midday trading on Friday, hitting $40.10. 4,081,316 shares of the company's stock were exchanged, compared to its average volume of 4,476,122. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.95. The company has a market cap of $49.03 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 3.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a 50 day moving average price of $37.27 and a 200-day moving average price of $37.14.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion during the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. During the same period in the previous year, the company posted $1.41 EPS. On average, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal 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 paid 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 yield of 4.12%. Suncor Energy's dividend payout ratio (DPR) is 47.84%.

Suncor Energy 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.