Fiera Capital Corp Boosts Holdings in Suncor Energy Inc. (SU)

Fiera Capital Corp raised its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 23.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,971,075 shares of the oil and gas producer’s stock after purchasing an additional 566,123 shares during the period. Fiera Capital Corp owned 0.18% of Suncor Energy worth $86,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Personal Financial Services grew its position in shares of Suncor Energy by 144.1% in the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 2,270 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Suncor Energy by 6.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,224 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 238 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Suncor Energy in the 4th quarter worth approximately $152,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Suncor Energy by 680.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 5,000 shares during the last quarter. Finally, Financial Architects Inc grew its position in shares of Suncor Energy by 1.4% in the 2nd quarter. Financial Architects Inc now owns 6,806 shares of the oil and gas producer’s stock worth $199,000 after buying an additional 93 shares during the last quarter. 64.07% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Suncor Energy Inc. (NYSE:SU) traded down 0.045% during midday trading on Tuesday, hitting $33.065. 536,558 shares of the company were exchanged. The company has a 50-day moving average price of $31.93 and a 200-day moving average price of $30.92. The stock has a market capitalization of $54.87 billion, a price-to-earnings ratio of 25.954 and a beta of 0.82. Suncor Energy Inc. has a 52-week low of $25.70 and a 52-week high of $33.79.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Tuesday, September 5th will be given a dividend of $0.2552 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s dividend payout ratio (DPR) is currently 84.43%.

A number of research analysts have recently issued reports on the stock. BidaskClub raised shares of Suncor Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. Citigroup Inc. reaffirmed a “buy” rating on shares of Suncor Energy in a research report on Wednesday, August 2nd. Scotiabank downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research raised shares of Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.86.

Suncor Energy Profile

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

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