TD Private Client Wealth LLC Raises Stock Holdings in Suncor Energy Inc. (NYSE:SU)

TD Private Client Wealth LLC raised its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,646 shares of the oil and gas producer’s stock after purchasing an additional 487 shares during the quarter. TD Private Client Wealth LLC’s holdings in Suncor Energy were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SU. Toronto Dominion Bank boosted its position in Suncor Energy by 1.8% in the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock valued at $684,726,000 after buying an additional 333,440 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Suncor Energy by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock worth $276,000 after buying an additional 354 shares during the last quarter. Geode Capital Management LLC lifted its stake in Suncor Energy by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock valued at $220,955,000 after acquiring an additional 413,797 shares during the period. M&T Bank Corp boosted its holdings in shares of Suncor Energy by 6.2% in the 3rd quarter. M&T Bank Corp now owns 14,496 shares of the oil and gas producer’s stock valued at $535,000 after acquiring an additional 842 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Suncor Energy in the third quarter worth $23,286,000. 67.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.40.

Suncor Energy Stock Down 1.1 %

SU opened at $36.78 on Friday. The company has a fifty day moving average of $39.16 and a two-hundred day moving average of $38.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a fifty-two week low of $30.89 and a fifty-two week high of $41.94. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 2.52 and a beta of 1.11.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.4089 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 4.45%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is currently 36.82%.

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.