Suncor Energy Inc. (NYSE:SU) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,546,207 shares of the oil and gas producer’s stock after acquiring an additional 333,440 shares during the period. Suncor Energy comprises 1.2% of Toronto Dominion Bank’s investment portfolio, making the stock its 16th biggest holding. Toronto Dominion Bank owned about 1.47% of Suncor Energy worth $684,726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Suncor Energy by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after purchasing an additional 1,209,073 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Suncor Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock worth $878,131,000 after purchasing an additional 366,432 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Suncor Energy by 1.3% during the 3rd quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer’s stock worth $516,728,000 after buying an additional 180,533 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Suncor Energy by 23.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock valued at $357,827,000 after buying an additional 1,829,936 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in Suncor Energy by 60.7% during the 2nd quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer’s stock worth $328,876,000 after acquiring an additional 3,272,896 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Down 0.9 %

Suncor Energy stock opened at $37.86 on Wednesday. The stock’s 50 day moving average price is $39.29 and its 200 day moving average price is $38.79. Suncor Energy Inc. has a 1-year low of $29.45 and a 1-year high of $41.94. The company has a market cap of $47.63 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.32%. Suncor Energy’s dividend payout ratio is 36.82%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SU shares. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.40.

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.