Tacita Capital Inc Sells 681 Shares of Suncor Energy Inc. (NYSE:SU)

Tacita Capital Inc lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,851 shares of the oil and gas producer’s stock after selling 681 shares during the period. Tacita Capital Inc’s holdings in Suncor Energy were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Toronto Dominion Bank raised its holdings in Suncor Energy by 1.8% in the 3rd quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer’s stock worth $684,726,000 after acquiring an additional 333,440 shares during the period. CIBC Asset Management Inc raised its holdings in Suncor Energy by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer’s stock worth $516,728,000 after acquiring an additional 180,533 shares during the period. Principal Financial Group Inc. raised its holdings in Suncor Energy by 39.9% in the 4th quarter. Principal Financial Group Inc. now owns 9,706,616 shares of the oil and gas producer’s stock worth $346,298,000 after acquiring an additional 2,767,043 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Suncor Energy by 23.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after acquiring an additional 1,829,936 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Suncor Energy by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer’s stock worth $220,955,000 after acquiring an additional 413,797 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Tudor, Pickering, Holt & Co. upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America assumed coverage on shares of Suncor Energy in a report on Wednesday, February 26th. They set a “neutral” rating on the stock. Finally, StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $36.25 on Tuesday. 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 firm’s 50-day simple moving average is $38.30 and its 200-day simple moving average is $38.56. Suncor Energy Inc. has a twelve month low of $34.12 and a twelve month high of $41.94. The firm has a market cap of $45.00 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

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 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%. As a group, research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be given 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 4.40%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.22%.

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.