Suncor Energy Inc. (NYSE:SU) Shares Acquired by Nexus Investment Management ULC

Nexus Investment Management ULC raised its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,355 shares of the oil and gas producer’s stock after acquiring an additional 2,425 shares during the period. Suncor Energy makes up 1.9% of Nexus Investment Management ULC’s holdings, making the stock its 26th largest position. Nexus Investment Management ULC’s holdings in Suncor Energy were worth $18,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sanctuary Advisors LLC grew its position in Suncor Energy by 32.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock valued at $3,035,000 after buying an additional 20,081 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of 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 valued at $17,309,000 after acquiring an additional 436,016 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Suncor Energy during the third quarter valued at approximately $1,376,000. DRW Securities LLC bought a new stake in Suncor Energy during the third quarter worth approximately $1,151,000. Finally, Assenagon Asset Management S.A. lifted its position in Suncor Energy by 1,324.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,469,008 shares of the oil and gas producer’s stock worth $123,774,000 after purchasing an additional 3,225,543 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Suncor Energy Stock Down 0.1 %

SU stock opened at $39.02 on Friday. The company’s 50 day simple moving average is $38.07 and its 200-day simple moving average is $38.52. Suncor Energy Inc. has a 52-week low of $31.03 and a 52-week high of $41.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The firm has a market capitalization of $48.57 billion, a P/E ratio of 8.50, a P/E/G ratio of 3.38 and a beta of 1.12.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were issued a $0.4089 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.19%. 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%.

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.