Suncor Energy Inc. (NYSE:SU) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,487,324 shares of the oil and gas producer’s stock after selling 62,928 shares during the period. Fiera Capital Corp owned approximately 0.12% of Suncor Energy worth $53,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Eastern Bank purchased a new position in Suncor Energy in the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC grew its position in shares of Suncor Energy by 62.1% in 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. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $39,000. Stonebridge Financial Group LLC purchased a new position in Suncor Energy during the fourth quarter worth approximately $45,000. Finally, Waldron Private Wealth LLC acquired a new position in Suncor Energy during the third quarter worth $49,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Suncor Energy Stock Performance

Shares of SU stock opened at $39.62 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The firm has a market cap of $49.31 billion, a P/E ratio of 11.48, a P/E/G ratio of 2.96 and a beta of 1.12. The firm’s 50 day moving average price is $37.67 and its 200-day moving average price is $38.57. Suncor Energy Inc. has a one year low of $31.25 and a one year high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.33% and a net margin of 11.80%. As a group, equities research analysts predict that Suncor Energy Inc. will post 3.25 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is 46.67%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SU. Morgan Stanley downgraded Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

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.