Northwest & Ethical Investments L.P. Has $7.72 Million Position in Suncor Energy Inc. (NYSE:SU)

Northwest & Ethical Investments L.P. grew its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 216,713 shares of the oil and gas producer’s stock after buying an additional 4,334 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Suncor Energy were worth $7,722,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC raised its position in Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after purchasing an additional 20,081 shares in the last quarter. Jones Financial Companies Lllp raised its position in Suncor Energy by 86.0% in the fourth quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock worth $2,421,000 after purchasing an additional 31,366 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in Suncor Energy in the fourth quarter worth about $300,000. Intech Investment Management LLC raised its position in 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 worth $17,309,000 after purchasing an additional 436,016 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in Suncor Energy in the fourth quarter worth about $236,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

SU has been the subject of several recent research reports. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Suncor Energy in a research note on Tuesday, January 7th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They set a “neutral” rating on the stock. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Suncor Energy Price Performance

SU opened at $37.71 on Friday. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company’s 50 day simple moving average is $38.26 and its 200-day simple moving average is $38.17. The stock has a market capitalization of $46.65 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.23%. Suncor Energy’s payout ratio is presently 45.51%.

About Suncor Energy

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.