Federation des caisses Desjardins du Quebec Purchases 21,624 Shares of Suncor Energy Inc. $SU

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Suncor Energy by 0.2%, holding approximately 11.13 million shares worth about $430.78 million, which accounts for 2.1% of its portfolio.
• Suncor Energy recently announced a quarterly dividend of $0.4135 per share, representing an annualized dividend of $1.65 and a yield of 4.0%, a slight increase from the previous dividend.
• The company's stock opened at $41.36 and has a market capitalization of $50.37 billion, with a P/E ratio of 12.72 and projected earnings per share of $3.42 for the current fiscal year.

Federation des caisses Desjardins du Quebec grew its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,132,170 shares of the oil and gas producer's stock after purchasing an additional 21,624 shares during the quarter. Suncor Energy makes up 2.1% of Federation des caisses Desjardins du Quebec's investment portfolio, making the stock its 7th largest position. Federation des caisses Desjardins du Quebec owned approximately 0.90% of Suncor Energy worth $430,778,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hanson & Doremus Investment Management grew its position in Suncor Energy by 143.5% during the 1st quarter. Hanson & Doremus Investment Management now owns 789 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 465 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of Suncor Energy by 97.6% in the first quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 405 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Suncor Energy in the first quarter valued at approximately $36,000. Wayfinding Financial LLC purchased a new stake in Suncor Energy in the first quarter valued at approximately $42,000. Finally, ORG Wealth Partners LLC purchased a new stake in Suncor Energy during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Down 0.4%

Shares of SU stock traded down $0.17 on Friday, hitting $39.98. The stock had a trading volume of 4,100,802 shares, compared to its average volume of 3,920,818. The firm has a market capitalization of $48.51 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 3.44 and a beta of 0.87. The stock's 50 day moving average is $39.39 and its 200-day moving average is $37.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.76.

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

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.4135 dividend. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.1%. Suncor Energy's dividend payout ratio is 50.77%.

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.