Suncor Energy Inc. $SU Shares Acquired by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in Suncor Energy Inc. by 12.9% during Q1, owning a total of 244,579 shares valued at approximately $9.5 million.
• Suncor Energy recently declared a quarterly dividend of $0.4135 per share, up from the previous $0.41, resulting in an annualized yield of 4.3%.
• The company reported earnings of $0.51 per share for the last quarter, slightly exceeding analyst expectations, with revenue of $8.81 billion compared to estimates of $11.56 billion.

Northwest & Ethical Investments L.P. lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 12.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,579 shares of the oil and gas producer's stock after acquiring an additional 27,866 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Suncor Energy were worth $9,476,000 as of its most recent filing with the Securities and Exchange Commission.

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

Suncor Energy Stock Up 2.3%

Shares of NYSE:SU traded up $0.9080 during midday trading on Friday, hitting $39.9480. 6,939,746 shares of the company's stock traded hands, compared to its average volume of 4,676,286. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. The company has a market cap of $48.65 billion, a PE ratio of 12.29, a P/E/G ratio of 3.32 and a beta of 0.84. The firm's fifty day moving average price is $39.10 and its two-hundred day moving average price is $37.39.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the previous year, the business posted $1.27 EPS. On average, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal 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 $0.4135 dividend. The ex-dividend date is Thursday, September 4th. This represents a $1.65 dividend on an annualized basis and a yield of 4.1%. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio (DPR) is presently 50.46%.

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.