Suncor Energy Inc. (NYSE:SU) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,486 shares of the oil and gas producer’s stock after purchasing an additional 354 shares during the period. Coldstream Capital Management Inc.’s holdings in Suncor Energy were worth $276,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Eastern Bank acquired a new stake in shares of Suncor Energy during the 3rd quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in Suncor Energy during the second quarter worth $27,000. Richardson Financial Services Inc. raised its position in Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 328 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Suncor Energy in the 2nd quarter valued at $29,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Suncor Energy during the 3rd quarter worth $49,000. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

Shares of SU opened at $36.26 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a fifty-two week low of $31.03 and a fifty-two week high of $41.94. The company has a market cap of $45.62 billion, a P/E ratio of 7.90, a PEG ratio of 2.43 and a beta of 1.11. The firm’s 50 day moving average price is $39.07 and its 200 day moving average price is $38.69.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a yield of 4.51%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s payout ratio is presently 36.60%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SU. Morgan Stanley lowered shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.40.

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.