State of Tennessee Department of Treasury Cuts Stake in Suncor Energy Inc. (NYSE:SU)

State of Tennessee Department of Treasury lessened its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 729,278 shares of the oil and gas producer's stock after selling 72,994 shares during the quarter. State of Tennessee Department of Treasury owned 0.06% of Suncor Energy worth $26,018,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SU. Covestor Ltd lifted its holdings in shares of Suncor Energy by 30.5% in the fourth quarter. Covestor Ltd now owns 1,095 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. raised its position in shares of Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer's stock worth $443,000 after purchasing an additional 265 shares during the last quarter. X Square Capital LLC lifted its stake in Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer's stock valued at $2,951,000 after buying an additional 267 shares in the last quarter. UMB Bank n.a. grew its holdings in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 300 shares during the last quarter. Finally, Freedom Investment Management Inc. grew its holdings in Suncor Energy by 2.0% during the 4th quarter. Freedom Investment Management Inc. now owns 15,344 shares of the oil and gas producer's stock valued at $547,000 after buying an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company's stock.

Suncor Energy Trading Down 0.1 %

Shares of Suncor Energy stock traded down $0.02 during trading hours on Friday, reaching $35.58. 2,459,519 shares of the company's stock were exchanged, compared to its average volume of 4,479,500. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $41.95. The firm has a market capitalization of $43.87 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The company has a fifty day moving average of $36.23 and a 200-day moving average of $37.67. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share 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%. Sell-side analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's dividend payout ratio (DPR) is currently 45.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Bank of America assumed coverage on Suncor Energy in a report on Wednesday, February 26th. They set a "neutral" rating on the stock. Scotiabank upgraded Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Tudor, Pickering, Holt & Co. upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

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.