Prudential PLC Buys 91,144 Shares of Suncor Energy Inc. $SU

Key Points

• Prudential PLC significantly increased its stake in Suncor Energy by purchasing 91,144 shares, raising its total holdings to 115,452 shares valued at approximately $4.47 million.
• Suncor Energy declared a quarterly dividend of $0.4135, marking an increase from the previous dividend and providing a 4.2% yield.
• According to recent earnings data, Suncor Energy reported an EPS of $0.51, slightly exceeding analyst expectations, with revenue totaling $8.81 billion for the quarter.

Prudential PLC boosted its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 375.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 115,452 shares of the oil and gas producer's stock after buying an additional 91,144 shares during the period. Prudential PLC's holdings in Suncor Energy were worth $4,471,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management grew its stake 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 buying an additional 465 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in Suncor Energy by 97.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 820 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 405 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Suncor Energy during the first quarter valued at $36,000. Covestor Ltd lifted its position in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Suncor Energy during the 1st quarter valued at $42,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Down 0.7%

Shares of SU traded down $0.26 during mid-day trading on Monday, hitting $38.63. 1,081,168 shares of the company's stock were exchanged, compared to its average volume of 4,665,627. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.94. The stock has a market cap of $47.04 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 3.35 and a beta of 0.84. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $39.06 and a two-hundred day moving average of $37.36.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its quarterly earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $8.81 billion during 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 earned $1.27 earnings per share. On average, sell-side analysts forecast 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. Stockholders 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 dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, September 4th. This is a boost from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's payout ratio is 51.08%.

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.