Atria Wealth Solutions Inc. Decreases Stake in Suncor Energy Inc. (NYSE:SU)

Atria Wealth Solutions Inc. lowered its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 34.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,995 shares of the oil and gas producer's stock after selling 6,736 shares during the period. Atria Wealth Solutions Inc.'s holdings in Suncor Energy were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in shares of Suncor Energy by 3.0% in the 4th quarter. Toronto Dominion Bank now owns 19,098,225 shares of the oil and gas producer's stock worth $680,847,000 after acquiring an additional 552,018 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Suncor Energy by 65.0% in the 1st quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock worth $620,136,000 after acquiring an additional 6,311,513 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Suncor Energy by 18.6% in the 1st quarter. Mackenzie Financial Corp now owns 15,377,546 shares of the oil and gas producer's stock worth $595,398,000 after acquiring an additional 2,410,857 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Suncor Energy by 4.2% in 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 during the last quarter. Finally, Alberta Investment Management Corp raised its holdings in shares of Suncor Energy by 43.3% in the 1st quarter. Alberta Investment Management Corp now owns 3,994,577 shares of the oil and gas producer's stock worth $154,648,000 after acquiring an additional 1,207,077 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Down 0.3%

Shares of SU traded down $0.11 on Friday, reaching $38.88. The company's stock had a trading volume of 1,967,544 shares, compared to its average volume of 3,145,019. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. Suncor Energy Inc. has a twelve month low of $30.79 and a twelve month high of $41.94. The stock has a market capitalization of $47.35 billion, a PE ratio of 11.96, a PEG ratio of 3.36 and a beta of 0.84. The firm has a fifty day moving average of $39.06 and a 200-day moving average of $37.37.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas producer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $11.56 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter last year, the business posted $1.27 EPS. Equities analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.4135 dividend. This is a positive change from Suncor Energy's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 4th. This represents a $1.65 annualized dividend and a yield of 4.3%. Suncor Energy's dividend payout ratio (DPR) is 50.46%.

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.