Charles Schwab Investment Management Inc. increased its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,497,006 shares of the oil and gas producer's stock after purchasing an additional 39,681 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.36% of Suncor Energy worth $174,102,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of SU. Covestor Ltd increased its stake in shares of Suncor Energy by 30.5% during 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. Stifel Financial Corp increased its stake in Suncor Energy by 0.3% during the 4th quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer's stock worth $3,408,000 after buying an additional 265 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Suncor Energy by 2.0% during the fourth quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock valued at $547,000 after acquiring an additional 302 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of Suncor Energy by 5.8% in the first quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer's stock valued at $235,000 after acquiring an additional 332 shares in the last quarter. Finally, Winthrop Capital Management LLC boosted its stake in shares of Suncor Energy by 2.6% in the first quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer's stock worth $529,000 after acquiring an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.
Suncor Energy Trading Up 0.4%
SU opened at $39.19 on Monday. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 3.38 and a beta of 0.84. The company's 50 day simple moving average is $38.83 and its two-hundred day simple moving average is $37.35. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year high of $41.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77.
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 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%. The firm had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $11.56 billion. During the same quarter last year, the firm earned $1.27 earnings per share. Analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.
Suncor Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.4135 per share. This represents a $1.65 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 4th. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. Suncor Energy's dividend payout ratio is presently 51.08%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut 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, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.00.
Read Our Latest Stock Analysis on Suncor Energy
About Suncor Energy
(
Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access