Aviso Financial Inc. Increases Stock Position in Suncor Energy Inc. (NYSE:SU)

Aviso Financial Inc. lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,055 shares of the oil and gas producer’s stock after buying an additional 8,257 shares during the quarter. Aviso Financial Inc.’s holdings in Suncor Energy were worth $5,248,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its stake in Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Suncor Energy in the 4th quarter worth approximately $39,000. Stonebridge Financial Group LLC purchased a new stake in Suncor Energy in the 4th quarter worth approximately $45,000. UMB Bank n.a. lifted its stake in Suncor Energy by 27.5% in the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 300 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Suncor Energy by 50.2% in the 4th quarter. Private Trust Co. NA now owns 1,705 shares of the oil and gas producer’s stock worth $61,000 after purchasing an additional 570 shares in the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at $35.85 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The business’s 50 day simple moving average is $38.28 and its two-hundred day simple moving average is $38.29. The stock has a market capitalization of $44.35 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Suncor Energy Inc. has a one year low of $33.81 and a one year high of $41.95.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its quarterly earnings data 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 return on equity of 15.37% and a net margin of 11.80%. Analysts forecast that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be given a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.45%. Suncor Energy’s dividend payout ratio is presently 45.51%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Suncor Energy in a research note on Tuesday, January 7th. Bank of America started coverage on shares of Suncor Energy in a research note on Wednesday, February 26th. They issued a “neutral” rating on the stock. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

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.