10,085 Shares in Suncor Energy Inc. (NYSE:SU) Acquired by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. acquired a new stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,085 shares of the oil and gas producer's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank increased its holdings in Suncor Energy by 1.8% in the third quarter. Toronto Dominion Bank now owns 18,546,207 shares of the oil and gas producer's stock valued at $684,726,000 after buying an additional 333,440 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Suncor Energy by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,942,455 shares of the oil and gas producer's stock worth $516,728,000 after purchasing an additional 180,533 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Suncor Energy by 23.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer's stock valued at $357,827,000 after purchasing an additional 1,829,936 shares during the period. Principal Financial Group Inc. grew its stake in Suncor Energy by 23.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer's stock worth $256,429,000 after buying an additional 1,296,142 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Suncor Energy by 7.6% in the third quarter. Geode Capital Management LLC now owns 5,891,596 shares of the oil and gas producer's stock valued at $220,955,000 after buying an additional 413,797 shares during the last quarter. 67.37% of the stock is owned by institutional investors and hedge funds.

Suncor Energy Trading Up 1.8 %

Shares of Suncor Energy stock traded up $0.68 during trading on Wednesday, hitting $38.83. The stock had a trading volume of 2,017,994 shares, compared to its average volume of 4,341,192. The stock has a 50 day simple moving average of $37.69 and a 200 day simple moving average of $38.54. 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 company has a market capitalization of $48.32 billion, a PE ratio of 8.46, a P/E/G ratio of 2.89 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $31.25 and a 1 year high of $41.94.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.21%. This is a positive change from Suncor Energy's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is currently 35.08%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. StockNews.com raised Suncor Energy from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.