Wealth Enhancement Advisory Services LLC Purchases 137,266 Shares of Suncor Energy Inc. (NYSE:SU)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 121.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 249,870 shares of the oil and gas producer's stock after purchasing an additional 137,266 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Suncor Energy were worth $8,915,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC raised its holdings in shares of Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in Suncor Energy during the 4th quarter valued at $35,000. Lee Danner & Bass Inc. bought a new stake in shares of Suncor Energy during the 4th quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new stake in shares of Suncor Energy during the 4th quarter valued at about $39,000. Finally, Covestor Ltd lifted its stake in shares of Suncor Energy by 30.5% in the 4th quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 256 shares during the period. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SU. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Scotiabank raised Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Wall Street Zen downgraded Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Bank of America started coverage on Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating on the stock. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.67.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded up $0.29 during trading hours on Tuesday, hitting $36.94. The company's stock had a trading volume of 5,031,915 shares, compared to its average volume of 4,476,783. The company has a market cap of $45.54 billion, a PE ratio of 10.71, a PEG ratio of 2.94 and a beta of 0.79. 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 business has a 50 day moving average price of $35.27 and a two-hundred day moving average price of $37.06. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly 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. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the prior year, the company posted $1.41 EPS. Analysts expect that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a $0.4133 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.65 annualized dividend and a yield of 4.48%. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is presently 45.53%.

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.