Kestra Private Wealth Services LLC Has $803,000 Stake in Suncor Energy Inc. (NYSE:SU)

Kestra Private Wealth Services LLC lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 46.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,503 shares of the oil and gas producer's stock after purchasing an additional 7,088 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Suncor Energy were worth $803,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Eastern Bank bought a new stake in Suncor Energy in the 3rd quarter valued at $25,000. HHM Wealth Advisors LLC lifted its holdings in shares of Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 325 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Suncor Energy during the 4th quarter worth about $39,000. Waldron Private Wealth LLC acquired a new stake in shares of Suncor Energy during the 3rd quarter worth approximately $49,000. Finally, UMB Bank n.a. grew its position in shares of Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer's stock worth $50,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SU. Cibc World Mkts raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Desjardins raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, Morgan Stanley lowered shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Suncor Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

Suncor Energy Stock Up 0.4 %

Shares of NYSE SU traded up $0.17 during midday trading on Tuesday, reaching $39.73. The company's stock had a trading volume of 1,078,057 shares, compared to its average volume of 4,509,447. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $41.94. The stock has a market capitalization of $49.45 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 2.96 and a beta of 1.12. The stock has a 50 day simple moving average of $37.76 and a 200-day simple moving average of $38.60.

Suncor Energy (NYSE:SU - Get Free Report) 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 15.33%. Equities research analysts predict that Suncor Energy Inc. will post 3.25 earnings per share for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.399 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.02%. Suncor Energy's payout ratio is 46.67%.

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.