Ontario Teachers Pension Plan Board Boosts Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Ontario Teachers Pension Plan Board lifted its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 58.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,179 shares of the oil and gas producer's stock after purchasing an additional 84,463 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Suncor Energy were worth $8,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in shares of Suncor Energy by 8.9% in the fourth quarter. Guggenheim Capital LLC now owns 10,759 shares of the oil and gas producer's stock worth $384,000 after purchasing an additional 878 shares during the last quarter. Mariner LLC grew its stake in shares of Suncor Energy by 3.7% during the 4th quarter. Mariner LLC now owns 63,918 shares of the oil and gas producer's stock valued at $2,280,000 after purchasing an additional 2,310 shares during the period. Synovus Financial Corp lifted its stake in shares of Suncor Energy by 4.8% in the 4th quarter. Synovus Financial Corp now owns 85,314 shares of the oil and gas producer's stock worth $3,044,000 after purchasing an additional 3,943 shares during the period. Sagespring Wealth Partners LLC purchased a new position in shares of Suncor Energy in the fourth quarter worth approximately $205,000. Finally, Townsquare Capital LLC bought a new stake in Suncor Energy during the fourth quarter valued at approximately $202,000. Institutional investors own 67.37% of the company's stock.

Suncor Energy Stock Performance

SU stock traded up $0.67 during midday trading on Friday, reaching $34.48. The stock had a trading volume of 3,015,187 shares, compared to its average volume of 4,473,333. The firm has a fifty day simple moving average of $36.67 and a two-hundred day simple moving average of $37.85. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. 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 stock has a market cap of $42.66 billion, a PE ratio of 10.00, a P/E/G ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Suncor Energy had a return on equity of 15.37% and a net margin of 11.80%. As a group, equities research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.63%. Suncor Energy's payout ratio is currently 45.51%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SU shares. StockNews.com downgraded shares of Suncor Energy from a "buy" rating to a "hold" rating in a research report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a report on Tuesday, January 7th. Scotiabank raised Suncor Energy to a "hold" rating in a research report on Wednesday, March 19th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a "neutral" rating for the company. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Suncor Energy has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

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.