Scotia Capital Inc. Has $158.11 Million Position in Suncor Energy Inc. (NYSE:SU)

Scotia Capital Inc. raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,439,732 shares of the oil and gas producer’s stock after acquiring an additional 528,320 shares during the period. Scotia Capital Inc. owned about 0.36% of Suncor Energy worth $158,112,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC increased its holdings in shares of Suncor Energy by 32.3% in the third quarter. Sanctuary Advisors LLC now owns 82,204 shares of the oil and gas producer’s stock worth $3,035,000 after acquiring an additional 20,081 shares in the last quarter. Jones Financial Companies Lllp grew its position in Suncor Energy by 86.0% during the 4th quarter. Jones Financial Companies Lllp now owns 67,848 shares of the oil and gas producer’s stock worth $2,421,000 after acquiring an additional 31,366 shares during the last quarter. Sage Investment Counsel LLC acquired a new position in Suncor Energy during the 4th quarter worth about $300,000. J.W. Cole Advisors Inc. bought a new stake in Suncor Energy in the 4th quarter valued at about $236,000. Finally, Bank of New York Mellon Corp increased its holdings in Suncor Energy by 104.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,083,440 shares of the oil and gas producer’s stock worth $110,017,000 after purchasing an additional 1,573,726 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Suncor Energy stock opened at $34.23 on Thursday. Suncor Energy Inc. has a 12-month low of $30.79 and a 12-month high of $41.95. The firm’s 50-day moving average is $37.40 and its two-hundred day moving average is $38.04. The stock has a market capitalization of $42.35 billion, a P/E ratio of 9.92, a P/E/G ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86.

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, topping analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. Equities analysts predict that Suncor Energy Inc. will post 3.42 earnings per share for the current year.

Suncor Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.399 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.60 annualized dividend and a yield of 4.66%. Suncor Energy’s dividend payout ratio (DPR) is presently 45.51%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley lowered Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Cibc World Mkts upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 target price on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Scotiabank upgraded shares of Suncor Energy to a “hold” rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $59.20.

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.