TD Waterhouse Canada Inc. Sells 11,411 Shares of Suncor Energy Inc. $SU

TD Waterhouse Canada Inc. lessened its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,463,197 shares of the oil and gas producer’s stock after selling 11,411 shares during the period. Suncor Energy makes up 1.2% of TD Waterhouse Canada Inc.’s holdings, making the stock its 21st biggest holding. TD Waterhouse Canada Inc.’s holdings in Suncor Energy were worth $168,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SU. Maseco LLP acquired a new stake in Suncor Energy during the 2nd quarter worth about $32,000. N.E.W. Advisory Services LLC bought a new stake in shares of Suncor Energy during the 1st quarter valued at about $36,000. Atlantic Union Bankshares Corp acquired a new stake in Suncor Energy during the second quarter worth approximately $37,000. MTM Investment Management LLC acquired a new stake in Suncor Energy during the second quarter worth approximately $44,000. Finally, Harbour Investments Inc. increased its holdings in Suncor Energy by 67.0% in the first quarter. Harbour Investments Inc. now owns 1,169 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 469 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James Financial upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 6th. Zacks Research lowered shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Suncor Energy in a report on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Suncor Energy in a report on Friday, October 3rd. Finally, Wells Fargo & Company initiated coverage on shares of Suncor Energy in a research report on Friday, October 17th. They set an “equal weight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Suncor Energy Stock Performance

Shares of SU stock opened at $45.21 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $41.30 and a two-hundred day simple moving average of $39.39. Suncor Energy Inc. has a 12 month low of $30.79 and a 12 month high of $45.45. The firm has a market capitalization of $54.54 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.52 and a beta of 0.75.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.22. The firm had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same period last year, the company earned $1.48 earnings per share. Analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.60 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Wednesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. Suncor Energy’s dividend payout ratio (DPR) is presently 55.74%.

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.