Janus Henderson Group PLC Grows Stock Holdings in Suncor Energy Inc. $SU

Janus Henderson Group PLC boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 812,882 shares of the oil and gas producer’s stock after acquiring an additional 26,844 shares during the quarter. Janus Henderson Group PLC’s holdings in Suncor Energy were worth $53,596,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Formidable Asset Management LLC grew its stake in Suncor Energy by 1.1% during the 1st quarter. Formidable Asset Management LLC now owns 16,004 shares of the oil and gas producer’s stock worth $1,058,000 after purchasing an additional 171 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in Suncor Energy by 0.8% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 24,278 shares of the oil and gas producer’s stock worth $1,605,000 after purchasing an additional 190 shares in the last quarter. IFP Advisors Inc raised its stake in Suncor Energy by 22.6% during the 4th quarter. IFP Advisors Inc now owns 1,047 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 193 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of Suncor Energy by 3.2% in the 4th quarter. DGS Capital Management LLC now owns 6,149 shares of the oil and gas producer’s stock valued at $273,000 after purchasing an additional 193 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC lifted its stake in Suncor Energy by 3.5% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,742 shares of the oil and gas producer’s stock valued at $255,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

SU has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Friday, June 5th. Weiss Ratings upgraded shares of Suncor Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Wall Street Zen cut Suncor Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Scotiabank upgraded shares of Suncor Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Desjardins raised Suncor Energy to a “moderate buy” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $71.67.

Suncor Energy Trading Up 0.7%

Shares of SU stock opened at $67.22 on Friday. The firm’s 50 day moving average price is $60.62 and its two-hundred day moving average price is $60.08. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.20. Suncor Energy Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.29. The stock has a market cap of $79.37 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 0.50 and a beta of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.04). Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. The company had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. On average, analysts anticipate that Suncor Energy Inc. will post 7.11 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 45.67%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.