Foster & Motley Inc. Invests $751,000 in Suncor Energy Inc. (NYSE:SU)

Foster & Motley Inc. acquired a new stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) during the fourth quarter, Holdings Channel.com reports. The fund acquired 21,044 shares of the oil and gas producer’s stock, valued at approximately $751,000.

Several other institutional investors have also added to or reduced their stakes in the company. Cullen Investment Group LTD. increased its position in Suncor Energy by 0.8% in the 3rd quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock valued at $1,222,000 after acquiring an additional 262 shares during the period. UMB Bank n.a. raised its position in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Suncor Energy by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock worth $4,169,000 after buying an additional 321 shares during the period. Coldstream Capital Management Inc. grew its position in shares of Suncor Energy by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock valued at $276,000 after buying an additional 354 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its stake in shares of Suncor Energy by 3.2% in the third quarter. Atomi Financial Group Inc. now owns 13,464 shares of the oil and gas producer’s stock valued at $497,000 after buying an additional 416 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Desjardins upgraded Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Price Performance

Shares of NYSE SU opened at $37.50 on Friday. The firm has a market capitalization of $46.67 billion, a P/E ratio of 8.17, a P/E/G ratio of 2.97 and a beta of 1.12. The firm’s 50-day moving average price is $37.86 and its 200-day moving average price is $38.56. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 1-year low of $31.25 and a 1-year high of $41.94.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.64 annualized dividend and a yield of 4.36%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s dividend payout ratio is presently 35.08%.

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.