TD Waterhouse Canada Inc. Purchases New Position in SunocoCorp LLC $SUNC

Key Points

• Institutional buying: TD Waterhouse Canada bought 19,273 shares of SunocoCorp (~$949,000) in Q4, and Zurcher Kantonalbank opened a new position worth about $606,000, indicating fresh institutional interest.
• Dividend announced: SunocoCorp declared a quarterly dividend of $0.9899 (annualized $3.96) with a yield of ~6.3%, payable May 20th to shareholders of record on May 8th (ex-dividend date May 8th).
• Analyst view and share price: The stock trades near $62.68 (1-year range $47.00–$64.32) and carries a MarketBeat consensus rating of "Moderate Buy" with an average target of $64.00.

TD Waterhouse Canada Inc. purchased a new stake in SunocoCorp LLC (NYSE:SUNC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,273 shares of the company's stock, valued at approximately $949,000.

Separately, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of SunocoCorp in the 4th quarter valued at about $606,000.

SunocoCorp Stock Down 2.0%

Shares of NYSE SUNC opened at $62.68 on Friday. SunocoCorp LLC has a 1 year low of $47.00 and a 1 year high of $64.32. The stock has a 50-day moving average price of $61.07.

SunocoCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be paid a $0.9899 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.96 annualized dividend and a yield of 6.3%.

Analyst Ratings Changes

A number of research analysts recently commented on SUNC shares. Raymond James Financial raised shares of SunocoCorp from an "outperform" rating to a "strong-buy" rating and set a $70.00 price target for the company in a report on Monday, January 5th. Zacks Research downgraded shares of SunocoCorp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen raised shares of SunocoCorp to a "hold" rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

SunocoCorp Profile

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.

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