Toronto Dominion Bank Has $684.73 Million Position in Suncor Energy Inc. (NYSE:SU)

Toronto Dominion Bank raised its stake in Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,546,207 shares of the oil and gas producer's stock after buying an additional 333,440 shares during the quarter. Suncor Energy accounts for about 1.2% of Toronto Dominion Bank's portfolio, making the stock its 16th largest position. Toronto Dominion Bank owned approximately 1.47% of Suncor Energy worth $684,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. raised its position in shares of Suncor Energy by 0.8% during the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer's stock worth $1,222,000 after purchasing an additional 262 shares during the period. First Horizon Advisors Inc. raised its position in shares of Suncor Energy by 6.1% during the second quarter. First Horizon Advisors Inc. now owns 4,879 shares of the oil and gas producer's stock worth $186,000 after purchasing an additional 281 shares during the period. Blue Trust Inc. raised its position in shares of Suncor Energy by 11.0% during the second quarter. Blue Trust Inc. now owns 3,278 shares of the oil and gas producer's stock worth $121,000 after purchasing an additional 325 shares during the period. Richardson Financial Services Inc. raised its position in shares of Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 328 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in shares of Suncor Energy by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer's stock worth $276,000 after purchasing an additional 354 shares during the period. Institutional investors and hedge funds own 67.37% of the company's stock.

Suncor Energy Stock Up 0.3 %

SU stock traded up $0.13 during mid-day trading on Wednesday, reaching $37.97. The company had a trading volume of 1,650,566 shares, compared to its average volume of 4,307,758. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $39.28 and a two-hundred day simple moving average of $38.78. The company has a market capitalization of $47.77 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.54 and a beta of 1.11. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.4089 per share. This is an increase from Suncor Energy's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy's payout ratio is currently 36.82%.

Wall Street Analyst Weigh In

SU has been the subject of a number of research reports. Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.40.

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.