Janus Henderson Group PLC Increases Holdings in Suncor Energy Inc. (NYSE:SU)

Janus Henderson Group PLC raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 6.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,049,671 shares of the oil and gas producer’s stock after buying an additional 67,517 shares during the period. Janus Henderson Group PLC’s holdings in Suncor Energy were worth $38,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SU. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Suncor Energy by 10.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 29,873 shares of the oil and gas producer’s stock valued at $957,000 after purchasing an additional 2,895 shares during the period. Sanders Capital LLC increased its holdings in shares of Suncor Energy by 2.8% during the 4th quarter. Sanders Capital LLC now owns 57,318,037 shares of the oil and gas producer’s stock worth $1,836,470,000 after buying an additional 1,568,629 shares during the last quarter. Sapient Capital LLC purchased a new stake in shares of Suncor Energy during the 4th quarter valued at approximately $1,100,000. NewEdge Wealth LLC lifted its holdings in Suncor Energy by 9.9% in the fourth quarter. NewEdge Wealth LLC now owns 587,664 shares of the oil and gas producer’s stock valued at $18,829,000 after acquiring an additional 52,802 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Suncor Energy by 2,358.4% in the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after acquiring an additional 16,509 shares during the period. 67.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Securities upped their price target on Suncor Energy from $52.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Wolfe Research assumed coverage on Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 target price for the company. Scotiabank cut their price target on Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Raymond James upgraded Suncor Energy to a “hold” rating in a research note on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

Suncor Energy Stock Up 2.8 %

Shares of NYSE:SU traded up $1.08 during trading hours on Wednesday, reaching $39.49. The stock had a trading volume of 735,676 shares, compared to its average volume of 4,441,405. Suncor Energy Inc. has a 1 year low of $29.45 and a 1 year high of $41.50. The firm’s 50 day moving average is $38.37 and its 200-day moving average is $36.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 1.51. The stock has a market capitalization of $50.61 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 3.48 and a beta of 1.12.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.15. Suncor Energy had a net margin of 15.38% and a return on equity of 15.69%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $8.64 billion. Research analysts predict that Suncor Energy Inc. will post 3.67 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Tuesday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 35.63%.

About Suncor Energy

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.