Suncor Energy Inc. (NYSE:SU) Shares Bought by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its holdings in Suncor Energy Inc. by 29.1% in Q1, owning approximately 1.92 million shares valued at $74.42 million.
• Suncor Energy's quarterly earnings surpassed analyst estimates, reporting $0.91 earnings per share against a consensus of $0.86.
• The company recently raised its quarterly dividend from $0.40 to $0.4133 per share, yielding an annualized dividend of $1.65, reflecting a payout ratio of 47.84%.

Fiera Capital Corp increased its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 29.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,919,956 shares of the oil and gas producer's stock after purchasing an additional 432,632 shares during the quarter. Fiera Capital Corp owned approximately 0.16% of Suncor Energy worth $74,416,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SU. CIBC Private Wealth Group LLC increased 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 worth $759,000 after buying an additional 14,163 shares during the period. Principal Financial Group Inc. increased its position in Suncor Energy by 65.0% during the first 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. Inscription Capital LLC acquired a new position in Suncor Energy during the first quarter worth approximately $247,000. Vident Advisory LLC increased its position in Suncor Energy by 967.9% during the fourth quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock worth $18,522,000 after buying an additional 470,500 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Suncor Energy by 14.2% in the fourth quarter. Ameriprise Financial Inc. now owns 623,306 shares of the oil and gas producer's stock valued at $22,884,000 after purchasing an additional 77,556 shares during the period. Hedge funds and other institutional investors own 67.37% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $66.00.

Suncor Energy Price Performance

Shares of NYSE:SU traded down $0.41 on Friday, hitting $39.05. The company had a trading volume of 2,283,401 shares, compared to its average volume of 4,787,980. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.94. The business has a 50 day moving average of $38.42 and a 200 day moving average of $37.39. The company has a market cap of $47.56 billion, a PE ratio of 11.24, a PEG ratio of 3.50 and a beta of 0.80.

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 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 business had revenue of $9.10 billion for the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the business earned $1.41 earnings per share. As a group, equities analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared 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. 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 4.2%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's payout ratio is currently 47.84%.

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.