TD Waterhouse Canada Inc. Has $168.49 Million Stock Holdings in Suncor Energy Inc. $SU

TD Waterhouse Canada Inc. reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,463,197 shares of the oil and gas producer’s stock after selling 11,411 shares during the period. Suncor Energy makes up approximately 1.2% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 21st biggest position. TD Waterhouse Canada Inc. owned 0.37% of Suncor Energy worth $168,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Suncor Energy by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 54,631,516 shares of the oil and gas producer’s stock valued at $2,046,442,000 after purchasing an additional 1,632,247 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Suncor Energy in the second quarter valued at about $740,000. MTM Investment Management LLC acquired a new stake in Suncor Energy in the second quarter valued at about $44,000. Rockefeller Capital Management L.P. grew its position in Suncor Energy by 329.9% in the second quarter. Rockefeller Capital Management L.P. now owns 207,071 shares of the oil and gas producer’s stock valued at $7,856,000 after acquiring an additional 158,906 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in Suncor Energy by 15.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 315,278 shares of the oil and gas producer’s stock worth $11,818,000 after acquiring an additional 42,506 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors.

Suncor Energy Trading Up 1.8%

Shares of NYSE SU opened at $45.21 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.77 and a current ratio of 1.26. Suncor Energy Inc. has a 52-week low of $30.79 and a 52-week high of $45.45. The firm has a 50 day moving average price of $41.30 and a two-hundred day moving average price of $39.39. The stock has a market cap of $54.54 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 3.52 and a beta of 0.75.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas producer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.22. The company had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Suncor Energy had a net margin of 11.35% and a return on equity of 13.21%. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, equities analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be given a $0.60 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.41. The ex-dividend date is Wednesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.3%. Suncor Energy’s dividend payout ratio is presently 55.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SU shares. Zacks Research downgraded shares of Suncor Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Raymond James Financial raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 target price on shares of Suncor Energy in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Suncor Energy in a report on Thursday, November 13th. Finally, Wells Fargo & Company began coverage on Suncor Energy in a report on Friday, October 17th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of $65.00.

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.