Janus Henderson Group PLC Lowers Stock Position in Suncor Energy Inc. (NYSE:SU)

Janus Henderson Group PLC lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 20.2% during the fourth 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 filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Suncor Energy by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 53,019,357 shares of the oil and gas producer’s stock worth $1,892,526,000 after acquiring an additional 323,714 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Suncor Energy by 0.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 24,289,019 shares of the oil and gas producer’s stock worth $865,885,000 after acquiring an additional 169,700 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Suncor Energy by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,308,055 shares of the oil and gas producer’s stock worth $831,631,000 after acquiring an additional 209,447 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Suncor Energy by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,981,927 shares of the oil and gas producer’s stock worth $391,809,000 after acquiring an additional 445,613 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Suncor Energy by 4.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,132,812 shares of the oil and gas producer’s stock worth $361,227,000 after acquiring an additional 437,252 shares in the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

SU stock opened at $36.27 on Thursday. 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 quick ratio of 0.86 and a current ratio of 1.33. The stock’s 50 day moving average price is $35.67 and its 200 day moving average price is $37.37. The firm has a market cap of $44.72 billion, a P/E ratio of 10.51, a PEG ratio of 2.94 and a beta of 0.79.

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

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.65 annualized dividend and a yield of 4.56%. Suncor Energy’s payout ratio is 45.53%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America assumed coverage on Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Cibc World Mkts raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Scotiabank raised Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Finally, StockNews.com lowered Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and an average price target 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.