Miller Howard Investments 13F: Cuts SU Stake by $2.5M

On October 26, 2026, Miller Howard Investments cut its stake in Suncor Energy Inc. (SU) by 36,101 shares, bringing its total to 56,897 shares. This reduction is valued at about $2.45 million, according to the fund's latest Form 13F filing with the SEC.

SU Suncor Energy Inc.

$79.48 ▲ +77.97% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Miller Howard Investments' Suncor Energy Position

Miller Howard Investments reduced its position in Suncor Energy by 36,101 shares, a 38.8% decrease. The fund's total stake is now worth approximately $3.86 million, reflecting its 25th position out of 159 in the fund's portfolio. The change indicates a strategic adjustment in how it views Suncor's prospects in the energy sector.

Where Suncor Energy Fits in Miller Howard Investments' Portfolio

Suncor Energy now accounts for 0.36% of Miller Howard's total reported value of $1,077,932,599. This adjustment shows a significant reduction in its stake, which may suggest a shift in the fund's strategy or outlook on Suncor's performance.

Other Institutional Activity in Suncor Energy

In recent filings, other funds have also adjusted their positions in Suncor Energy. Cardinal Capital Management increased its holdings by 3,181,648 shares, ending with 6,331,336 shares valued at about $430.4 million. Meanwhile, Montrusco Bolton Investments trimmed its stake by 94,928 shares, bringing its total to 196,042 shares worth approximately $13.32 million. Dodge & Cox also reduced its holdings, selling 995,300 shares for a total of 26,262,454 shares valued at about $1.62 billion.

Suncor Energy Inc. Stock Up 2.7%

Suncor Energy's stock closed at $79.48 on October 26, 2026, which is about equal to its recent trading price. The stock has shown stability, trading near this level recently, which may be a factor in Miller Howard's decision to cut its position.

Recent Earnings

Suncor Energy reported trailing twelve-month revenue of approximately $56.57 billion and earnings per share (EPS) of $5.42. The company has a net margin of 15.8% and a return on equity (ROE) of 19.3%. The next earnings report is expected on November 3, 2026.

Dividend

Suncor Energy pays an annual dividend of $1.70 per share, with a payout ratio of 31.6%. This consistent dividend may appeal to income-focused investors, despite the recent changes in institutional holdings.

Insider Buying and Selling at Suncor Energy Inc.

This lack of insider activity may indicate that executives are maintaining their positions amid the recent institutional adjustments.

Analysts Set New Price Targets

However, the consensus among analysts will be important to watch as the company approaches its next earnings report.

About Suncor Energy

Suncor Energy Inc. is an integrated energy company based in Calgary, Alberta. It operates in various segments, including Oil Sands, Exploration and Production, and Refining and Marketing. The company is involved in the production and marketing of crude oil, power, and byproducts, serving markets in Canada, the U.S., and internationally.

Bottom Line

Investors should keep an eye on Suncor Energy's upcoming earnings report on November 3, 2026, as it may provide further insights into the company's performance and outlook. Additionally, monitoring further changes in institutional holdings will be crucial as market conditions evolve.