Segall Bryant & Hamill LLC Lowers Stake in Suncor Energy Inc. (NYSE:SU)

Segall Bryant & Hamill LLC trimmed its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,305 shares of the oil and gas producer’s stock after selling 3,142 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Suncor Energy were worth $12,010,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SU. The Manufacturers Life Insurance Company raised its holdings in shares of Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock valued at $956,850,000 after purchasing an additional 1,209,073 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Suncor Energy by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,048,048 shares of the oil and gas producer’s stock worth $878,131,000 after buying an additional 366,432 shares during the period. 1832 Asset Management L.P. lifted its position in Suncor Energy by 4.1% during the 1st quarter. 1832 Asset Management L.P. now owns 22,157,546 shares of the oil and gas producer’s stock worth $817,835,000 after acquiring an additional 868,475 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Suncor Energy by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer’s stock valued at $683,916,000 after purchasing an additional 1,031,542 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Suncor Energy by 3.4% during the second quarter. Toronto Dominion Bank now owns 18,212,767 shares of the oil and gas producer’s stock worth $693,906,000 after buying an additional 605,833 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.40.

Suncor Energy Price Performance

Shares of NYSE:SU opened at $40.83 on Thursday. The company has a market cap of $51.37 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. The company’s fifty day moving average is $38.66 and its two-hundred day moving average is $38.82. 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 12-month low of $29.45 and a 12-month high of $41.94.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.4089 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 4.01%. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is 35.29%.

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.