Suncor Energy Inc. (NYSE:SU) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,716 shares of the oil and gas producer's stock after selling 38,489 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Suncor Energy were worth $5,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new position in shares of Suncor Energy during the third quarter valued at approximately $1,376,000. Assenagon Asset Management S.A. lifted its position in shares of Suncor Energy by 90.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer's stock worth $316,226,000 after purchasing an additional 3,951,287 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Suncor Energy by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,529,253 shares of the oil and gas producer's stock valued at $683,916,000 after purchasing an additional 1,031,542 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in Suncor Energy by 22.5% during the third quarter. Mediolanum International Funds Ltd now owns 250,849 shares of the oil and gas producer's stock valued at $9,245,000 after buying an additional 46,155 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Suncor Energy in the second quarter worth approximately $2,448,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Suncor Energy Trading Down 0.4 %

NYSE:SU traded down $0.15 on Wednesday, reaching $40.83. The company's stock had a trading volume of 2,995,584 shares, compared to its average volume of 4,261,246. The firm has a market cap of $51.52 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.79 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Suncor Energy Inc. has a 12-month low of $29.45 and a 12-month high of $41.94. The stock has a 50 day moving average price of $38.56 and a 200 day moving average price of $38.81.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.4089 per share. This represents a $1.64 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Suncor Energy's previous quarterly dividend of $0.40. Suncor Energy's payout ratio is 35.29%.

Analyst Upgrades and Downgrades

SU has been the topic of a number of recent research reports. BMO Capital Markets upgraded Suncor Energy from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday. TD Securities raised Suncor Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, August 7th. Finally, Desjardins upgraded Suncor Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.40.

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.