Suncor Energy Inc. $SU Stock Holdings Lifted by Amundi

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 lifted its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 3.7% in the 1st quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.36% of Suncor Energy worth $161,347,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings 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 valued at $620,136,000 after purchasing an additional 6,311,513 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Suncor Energy by 83.6% during the first quarter. Goldman Sachs Group Inc. now owns 12,426,008 shares of the oil and gas producer's stock valued at $481,135,000 after buying an additional 5,658,880 shares during the period. Nuveen LLC purchased a new stake in Suncor Energy in the 1st quarter worth about $126,048,000. Mackenzie Financial Corp boosted 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 acquiring an additional 2,410,857 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted 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 acquiring an additional 2,044,680 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Price Performance

Shares of SU opened at $40.18 on Friday. The company has a market capitalization of $48.76 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 3.50 and a beta of 0.87. Suncor Energy Inc. has a fifty-two week low of $30.79 and a fifty-two week high of $41.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 0.77. The business's 50-day moving average is $39.34 and its 200-day moving average is $37.49.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates 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 firm earned $1.27 earnings per share. Equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business 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 $0.4135 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change 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 51.08%.

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.

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