DekaBank Deutsche Girozentrale Acquires 9,067 Shares of Suncor Energy Inc. (NYSE:SU)

DekaBank Deutsche Girozentrale increased its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,698 shares of the oil and gas producer's stock after buying an additional 9,067 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of Suncor Energy worth $26,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its stake in Suncor Energy by 95.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,942 shares of the oil and gas producer's stock worth $390,000 after purchasing an additional 5,332 shares during the period. Atria Investments Inc increased its stake in Suncor Energy by 6.0% in the 4th quarter. Atria Investments Inc now owns 10,799 shares of the oil and gas producer's stock worth $385,000 after acquiring an additional 608 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Suncor Energy in the 4th quarter worth approximately $5,762,000. Raymond James Financial Inc. purchased a new position in shares of Suncor Energy in the 4th quarter worth approximately $18,829,000. Finally, Inspire Advisors LLC boosted its holdings in shares of Suncor Energy by 7.9% in the 4th quarter. Inspire Advisors LLC now owns 15,208 shares of the oil and gas producer's stock worth $543,000 after purchasing an additional 1,107 shares during the period. Institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Up 1.7%

Shares of Suncor Energy stock traded up $0.68 during trading hours on Friday, reaching $40.09. 1,594,260 shares of the company's stock were exchanged, compared to its average volume of 4,459,806. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The firm has a market capitalization of $49.02 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 3.41 and a beta of 0.80. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $37.19 and a 200-day moving average of $37.10.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced 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. Suncor Energy had a return on equity of 14.90% and a net margin of 11.95%. The firm had revenue of $9.10 billion for the quarter, compared to analysts' expectations of $13.39 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Sell-side analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued 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 4.12%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's dividend payout ratio is presently 47.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SU shares. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered 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 issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.