Suncor Energy Inc. $SU Shares Acquired by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Suncor Energy by 27.6%, now holding over 8 million shares worth approximately $315.6 million.
• Suncor Energy plans to pay a boosted quarterly dividend of $0.4135 per share, an increase from the previous $0.41, reflecting a 4.0% yield.
• The company reported earnings of $0.51 per share for the last quarter, exceeding analyst expectations, although its revenue was below forecasts at $8.81 billion.

Canada Pension Plan Investment Board raised its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 27.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,149,381 shares of the oil and gas producer's stock after acquiring an additional 1,763,146 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.66% of Suncor Energy worth $315,597,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SU. Tower Research Capital LLC TRC increased its position in Suncor Energy by 1,102.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,404 shares of the oil and gas producer's stock worth $86,000 after buying an additional 2,204 shares in the last quarter. Stifel Financial Corp increased its position in Suncor Energy by 0.3% in the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after buying an additional 265 shares in the last quarter. Northern Trust Corp increased its position in Suncor Energy by 58.6% in the fourth quarter. Northern Trust Corp now owns 1,317,872 shares of the oil and gas producer's stock worth $47,022,000 after buying an additional 487,033 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in Suncor Energy by 170.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 75,656 shares of the oil and gas producer's stock worth $2,699,000 after buying an additional 47,702 shares in the last quarter. Finally, Keel Point LLC increased its position in Suncor Energy by 30.6% in the fourth quarter. Keel Point LLC now owns 7,122 shares of the oil and gas producer's stock worth $254,000 after buying an additional 1,669 shares in the last quarter. Institutional investors own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of NYSE:SU traded down $0.76 during trading on Wednesday, hitting $40.55. 9,747,447 shares of the company's stock were exchanged, compared to its average volume of 4,684,597. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.76. The business's 50-day simple moving average is $39.24 and its 200 day simple moving average is $37.47. The company has a market cap of $49.38 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 3.56 and a beta of 0.87.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%.The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. During the same period in the prior year, the company earned $1.27 earnings per share. As a group, equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, September 4th. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio (DPR) is 50.46%.

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.