Amundi Acquires 156,038 Shares of Suncor Energy Inc. $SU

Key Points

• Amundi increased its stake in Suncor Energy Inc. by 3.7%, now owning approximately 4.39 million shares valued at around $161 million.
• Suncor Energy recently reported earnings of $0.51 per share for the quarter, exceeding analysts' expectations, despite revenue falling short at $8.81 billion.
• The company announced an increase in its quarterly dividend to $0.4135, with a yield of 4.1%, marking a positive change from the previous dividend amount.

Amundi boosted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,386,824 shares of the oil and gas producer's stock after acquiring an additional 156,038 shares during the quarter. Amundi owned 0.36% of Suncor Energy worth $161,347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Suncor Energy by 65.0% in 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 purchasing an additional 6,311,513 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Suncor Energy by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock worth $481,135,000 after buying an additional 5,658,880 shares in the last quarter. Nuveen LLC bought a new stake in Suncor Energy during the 1st quarter worth about $126,048,000. Mackenzie Financial Corp lifted its position in Suncor Energy by 18.6% during the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after buying an additional 2,410,857 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Suncor Energy by 500.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,453,314 shares of the oil and gas producer's stock worth $87,459,000 after buying an additional 2,044,680 shares in the last quarter. 67.37% of the stock is owned by institutional investors.

Suncor Energy Stock Up 1.3%

SU traded up $0.54 on Wednesday, hitting $41.50. 1,345,270 shares of the company were exchanged, compared to its average volume of 4,673,284. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $41.91. The company has a market cap of $50.35 billion, a PE ratio of 12.77, a PEG ratio of 3.47 and a beta of 0.87. 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 stock's fifty day moving average is $39.51 and its 200-day moving average is $37.49.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last released its earnings results on Tuesday, August 5th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. Equities research analysts predict 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. Shareholders 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 yield of 4.0%. This is an increase from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 4th. Suncor Energy's payout ratio is currently 50.77%.

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.