Unigestion Holding SA Acquires Shares of 29,600 Suncor Energy Inc. (NYSE:SU)

Unigestion Holding SA bought a new position in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,600 shares of the oil and gas producer's stock, valued at approximately $1,146,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. HHM Wealth Advisors LLC lifted its stake in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after acquiring an additional 325 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of Suncor Energy in the 4th quarter worth about $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in Suncor Energy in the 4th quarter valued at about $39,000. Finally, Covestor Ltd increased its position in Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Up 0.8%

Shares of NYSE SU traded up $0.28 during midday trading on Thursday, hitting $36.61. The company's stock had a trading volume of 6,261,473 shares, compared to its average volume of 4,463,001. The firm has a market capitalization of $45.14 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The business's fifty day simple moving average is $35.20 and its two-hundred day simple moving average is $37.05. Suncor Energy Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $9.10 billion for the quarter, compared to analyst estimates of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a yield of 4.52%. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 4th. Suncor Energy's payout ratio is presently 45.53%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Bank of America started coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They issued a "neutral" rating on the stock. Tudor, Pickering, Holt & Co. raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Wall Street Zen lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

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.