Scotia Capital Inc. Acquires 528,320 Shares of Suncor Energy Inc. (NYSE:SU)

Scotia Capital Inc. increased its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,439,732 shares of the oil and gas producer's stock after buying an additional 528,320 shares during the quarter. Scotia Capital Inc. owned approximately 0.36% of Suncor Energy worth $158,112,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake 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 purchasing an additional 325 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in Suncor Energy during the fourth quarter worth approximately $35,000. Lee Danner & Bass Inc. bought a new stake in Suncor Energy in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC acquired a new stake in shares of Suncor Energy in the fourth quarter valued at approximately $39,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Suncor Energy during the 4th quarter worth approximately $45,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SU shares. Tudor Pickering upgraded 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 report on Monday, February 10th. Morgan Stanley downgraded shares of Suncor Energy from an "overweight" rating to an "equal weight" rating in a report on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Wednesday, April 9th. Finally, Cibc World Mkts upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Suncor Energy Stock Performance

Shares of SU traded down $0.13 during mid-day trading on Tuesday, hitting $33.35. 1,245,961 shares of the company's stock were exchanged, compared to its average volume of 4,477,317. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $41.95. The stock's 50-day simple moving average is $37.09 and its 200-day simple moving average is $37.96. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 EPS 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%. On average, equities research analysts expect that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th were given a $0.399 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Tuesday, March 4th. Suncor Energy's payout ratio is presently 45.51%.

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.