Suncor Energy Inc. (NYSE:SU) Holdings Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 623,306 shares of the oil and gas producer's stock after acquiring an additional 77,556 shares during the period. Ameriprise Financial Inc. owned about 0.05% of Suncor Energy worth $22,884,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SU. Alyeska Investment Group L.P. increased its stake in shares of Suncor Energy by 35.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,285,828 shares of the oil and gas producer's stock valued at $45,878,000 after purchasing an additional 336,796 shares during the period. Wahed Invest LLC increased its stake in shares of Suncor Energy by 12.5% in the fourth quarter. Wahed Invest LLC now owns 19,056 shares of the oil and gas producer's stock valued at $680,000 after purchasing an additional 2,112 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Suncor Energy by 10.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,496 shares of the oil and gas producer's stock valued at $410,000 after purchasing an additional 1,133 shares during the period. Keel Point LLC increased its stake in shares of Suncor Energy by 30.6% in the fourth quarter. Keel Point LLC now owns 7,122 shares of the oil and gas producer's stock valued at $254,000 after purchasing an additional 1,669 shares during the period. Finally, PDT Partners LLC increased its stake in shares of Suncor Energy by 25.1% in the fourth quarter. PDT Partners LLC now owns 98,920 shares of the oil and gas producer's stock valued at $3,529,000 after purchasing an additional 19,859 shares during the period. Institutional investors own 67.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on SU shares. Cibc World Mkts upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. StockNews.com lowered shares of Suncor Energy from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Suncor Energy Trading Down 0.4%

Shares of NYSE:SU opened at $36.27 on Thursday. The stock has a market capitalization of $44.72 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 1-year low of $30.79 and a 1-year 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 company has a 50 day moving average price of $35.67 and a 200 day moving average price of $37.37.

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 analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $9.10 billion during the quarter, compared to analysts' expectations of $13.39 billion. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. During the same period last year, the firm posted $1.41 earnings per share. On average, research analysts anticipate that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.4133 per share. This represents a $1.65 dividend on an annualized basis and a yield of 4.56%. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, June 4th. Suncor Energy's dividend payout ratio (DPR) is presently 45.53%.

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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