TD Private Client Wealth LLC Reduces Holdings in Suncor Energy Inc. (NYSE:SU)

TD Private Client Wealth LLC lessened its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 94.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 940 shares of the oil and gas producer's stock after selling 17,293 shares during the period. TD Private Client Wealth LLC's holdings in Suncor Energy were worth $36,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its holdings in Suncor Energy by 250.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 19,811 shares of the oil and gas producer's stock valued at $759,000 after purchasing an additional 14,163 shares in the last quarter. Sei Investments Co. raised its position in shares of Suncor Energy by 2.5% in the fourth quarter. Sei Investments Co. now owns 444,201 shares of the oil and gas producer's stock valued at $15,849,000 after buying an additional 10,852 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Suncor Energy by 65.0% during the first quarter. Principal Financial Group Inc. now owns 16,018,129 shares of the oil and gas producer's stock valued at $620,136,000 after buying an additional 6,311,513 shares during the period. Inscription Capital LLC purchased a new position in shares of Suncor Energy during the first quarter valued at approximately $247,000. Finally, Vident Advisory LLC boosted its position in Suncor Energy by 967.9% during the fourth quarter. Vident Advisory LLC now owns 519,112 shares of the oil and gas producer's stock worth $18,522,000 after acquiring an additional 470,500 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SU. Wall Street Zen lowered Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus price target of $67.00.

Suncor Energy Stock Performance

Shares of SU stock opened at $40.10 on Friday. The company's fifty day simple moving average is $37.27 and its 200-day simple moving average is $37.15. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The company has a market cap of $49.03 billion, a PE ratio of 11.56, a P/E/G ratio of 3.48 and a beta of 0.80.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.91 earnings per share for the quarter, topping 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 14.90% and a net margin of 11.95%. During the same quarter in the prior year, the business earned $1.41 earnings per share. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.4133 per share. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Wednesday, June 4th. Suncor Energy's payout ratio is presently 47.84%.

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.

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