TD Private Client Wealth LLC Boosts Holdings in Suncor Energy Inc. (NYSE:SU)

TD Private Client Wealth LLC lifted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.7% in the third quarter, Holdings Channel reports. The firm owned 18,646 shares of the oil and gas producer’s stock after buying an additional 487 shares during the period. TD Private Client Wealth LLC’s holdings in Suncor Energy were worth $688,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Eastern Bank purchased a new stake in Suncor Energy during the 3rd quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Suncor Energy in the second quarter worth approximately $27,000. Richardson Financial Services Inc. increased its position in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 328 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Suncor Energy in the 2nd quarter valued at $29,000. Finally, ORG Partners LLC purchased a new position in Suncor Energy in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Down 1.1 %

NYSE SU opened at $36.78 on Friday. The business’s fifty day simple moving average is $39.16 and its 200-day simple moving average is $38.74. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm has a market cap of $46.27 billion, a PE ratio of 8.01, a P/E/G ratio of 2.52 and a beta of 1.11. Suncor Energy Inc. has a 52 week low of $30.89 and a 52 week 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 dividend of $0.4089 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 4.45%. Suncor Energy’s payout ratio is 36.82%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SU. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Suncor Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.40.

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.