Scotia Capital Inc. Has $158.11 Million Holdings in Suncor Energy Inc. (NYSE:SU)

Scotia Capital Inc. increased its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,439,732 shares of the oil and gas producer’s stock after acquiring an additional 528,320 shares during the quarter. Scotia Capital Inc.’s holdings in Suncor Energy were worth $158,112,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SU. Principal Securities Inc. increased its position in shares of Suncor Energy by 2.2% during the 4th quarter. Principal Securities Inc. now owns 12,423 shares of the oil and gas producer’s stock valued at $443,000 after purchasing an additional 265 shares during the last quarter. X Square Capital LLC increased its holdings in shares of Suncor Energy by 0.3% in the 4th quarter. X Square Capital LLC now owns 82,720 shares of the oil and gas producer’s stock worth $2,951,000 after purchasing an additional 267 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Suncor Energy by 27.5% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Suncor Energy by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock worth $4,169,000 after acquiring an additional 321 shares during the period. Finally, HHM Wealth Advisors LLC lifted its position in Suncor Energy by 62.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after purchasing an additional 325 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Stock Performance

Shares of SU opened at $34.23 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.33. The company’s 50 day moving average price is $37.40 and its 200 day moving average price is $38.04. The company has a market capitalization of $42.35 billion, a PE ratio of 9.92, a PEG ratio of 2.94 and a beta of 0.79. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (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%. Research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.399 per share. This represents a $1.60 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, March 4th. Suncor Energy’s payout ratio is 45.51%.

Analyst Ratings Changes

SU has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Tudor Pickering upgraded Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Scotiabank upgraded Suncor Energy to a “hold” rating in a report on Wednesday, March 19th. Bank of America initiated coverage on Suncor Energy in a research report on Wednesday, February 26th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.20.

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.