Northwest & Ethical Investments L.P. Has $7.84 Million Stock Position in Suncor Energy Inc. (NYSE:SU)

Northwest & Ethical Investments L.P. lessened its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,379 shares of the oil and gas producer’s stock after selling 19,686 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Suncor Energy were worth $7,840,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SU. Intech Investment Management LLC increased its stake in shares of Suncor Energy by 1,345.8% in the third quarter. Intech Investment Management LLC now owns 468,415 shares of the oil and gas producer’s stock valued at $17,309,000 after buying an additional 436,016 shares during the period. Aigen Investment Management LP bought a new stake in shares of Suncor Energy during the 3rd quarter valued at about $1,376,000. DRW Securities LLC bought a new position in shares of Suncor Energy during the 3rd quarter worth approximately $1,151,000. Assenagon Asset Management S.A. grew its position in shares of Suncor Energy by 90.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after buying an additional 3,951,287 shares during the period. Finally, Mediolanum International Funds Ltd lifted its position in shares of Suncor Energy by 22.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer’s stock valued at $9,245,000 after acquiring an additional 46,155 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analysts Set New Price Targets

SU has been the subject of several research analyst reports. TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Stock Performance

Shares of SU stock opened at $39.55 on Friday. The company has a market cap of $49.76 billion, a P/E ratio of 8.62, a P/E/G ratio of 2.61 and a beta of 1.12. The firm has a 50-day moving average of $39.07 and a 200-day moving average of $38.87. 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 Inc. has a one year low of $29.45 and a one year high of $41.94.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.4089 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.14%. Suncor Energy’s payout ratio is presently 35.29%.

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.