Janus Henderson Group PLC Sells 206,910 Shares of Suncor Energy Inc. (NYSE:SU)

Janus Henderson Group PLC cut its position in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 20.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 815,327 shares of the oil and gas producer's stock after selling 206,910 shares during the quarter. Janus Henderson Group PLC owned 0.07% of Suncor Energy worth $29,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Suncor Energy during the 4th quarter valued at approximately $107,000. 180 Wealth Advisors LLC boosted its stake in Suncor Energy by 8.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 15,456 shares of the oil and gas producer's stock worth $551,000 after acquiring an additional 1,189 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer's stock valued at $123,774,000 after buying an additional 3,225,543 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Suncor Energy by 17.4% in the fourth quarter. Park Avenue Securities LLC now owns 19,798 shares of the oil and gas producer's stock valued at $706,000 after buying an additional 2,940 shares in the last quarter. Finally, Heritage Family Offices LLP raised its holdings in shares of Suncor Energy by 7.4% in the fourth quarter. Heritage Family Offices LLP now owns 20,132 shares of the oil and gas producer's stock valued at $718,000 after purchasing an additional 1,379 shares during the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Price Performance

SU stock traded down $0.03 during midday trading on Tuesday, reaching $35.36. The company had a trading volume of 600,131 shares, compared to its average volume of 4,506,219. The company has a market capitalization of $43.60 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.94 and a beta of 0.79. 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 Inc. has a 1 year low of $30.79 and a 1 year high of $41.95. The firm has a 50-day moving average price of $35.67 and a 200-day moving average price of $37.31.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion during 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 previous year, the business posted $1.41 EPS. On average, research analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Wednesday, June 4th. Suncor Energy's dividend payout ratio is currently 45.53%.

Analyst Ratings Changes

SU has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

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.