Prudential PLC Purchases 91,144 Shares of Suncor Energy Inc. (NYSE:SU)

Prudential PLC lifted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 375.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,452 shares of the oil and gas producer’s stock after purchasing an additional 91,144 shares during the period. Prudential PLC’s holdings in Suncor Energy were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of Suncor Energy by 30.5% during the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 256 shares during the period. Stifel Financial Corp increased its stake in shares of Suncor Energy by 0.3% during the fourth quarter. Stifel Financial Corp now owns 95,508 shares of the oil and gas producer’s stock worth $3,408,000 after purchasing an additional 265 shares during the period. Freedom Investment Management Inc. increased its stake in shares of Suncor Energy by 2.0% during the fourth quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer’s stock worth $547,000 after purchasing an additional 302 shares during the period. Sagespring Wealth Partners LLC increased its stake in shares of Suncor Energy by 5.8% during the first quarter. Sagespring Wealth Partners LLC now owns 6,065 shares of the oil and gas producer’s stock worth $235,000 after purchasing an additional 332 shares during the period. Finally, Winthrop Capital Management LLC increased its stake in shares of Suncor Energy by 2.6% during the first quarter. Winthrop Capital Management LLC now owns 13,654 shares of the oil and gas producer’s stock worth $529,000 after purchasing an additional 352 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

Suncor Energy stock opened at $38.93 on Thursday. The stock’s fifty day moving average price is $38.97 and its two-hundred day moving average price is $37.37. Suncor Energy Inc. has a one year low of $30.79 and a one year high of $41.94. 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 firm has a market cap of $47.41 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 3.35 and a beta of 0.84.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Suncor Energy had a return on equity of 13.21% and a net margin of 11.35%. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $11.56 billion. During the same quarter last year, the company earned $1.27 EPS. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a $0.4135 dividend. This represents a $1.65 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, September 4th. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.41. Suncor Energy’s dividend payout ratio is 51.08%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Suncor Energy 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.