TD Asset Management Inc. Decreases Position in Suncor Energy Inc. (NYSE:SU)

TD Asset Management Inc. reduced its stake in shares of Suncor Energy Inc. (NYSE:SU - Free Report) TSE: SU by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,525,431 shares of the oil and gas producer's stock after selling 1,137,583 shares during the quarter. Suncor Energy accounts for approximately 0.9% of TD Asset Management Inc.'s portfolio, making the stock its 23rd largest holding. TD Asset Management Inc. owned 2.21% of Suncor Energy worth $982,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SU. HHM Wealth Advisors LLC boosted its position in shares of Suncor Energy by 62.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer's stock worth $30,000 after buying an additional 325 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in Suncor Energy during the fourth quarter worth about $35,000. Lee Danner & Bass Inc. purchased a new stake in shares of Suncor Energy in the fourth quarter valued at about $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 purchased a new position in shares of Suncor Energy during the 4th quarter worth approximately $45,000. 67.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SU has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Suncor Energy in a report on Tuesday, January 7th. Bank of America started coverage on Suncor Energy in a research report on Wednesday, February 26th. They set a "neutral" rating for the company. Scotiabank raised shares of Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. StockNews.com raised shares of Suncor Energy from a "hold" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Tudor Pickering upgraded shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.20.

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Suncor Energy Trading Down 0.7 %

Shares of NYSE SU traded down $0.27 during trading on Friday, hitting $38.36. 2,789,133 shares of the company traded hands, compared to its average volume of 4,405,989. The firm has a market capitalization of $47.45 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.94 and a beta of 1.11. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $38.13 and a 200-day moving average price of $38.17. Suncor Energy Inc. has a 1 year low of $33.81 and a 1 year high of $41.95.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share (EPS) for the quarter, beating 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 analysts predict that Suncor Energy Inc. will post 3.42 EPS for the current year.

Suncor Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.399 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. Suncor Energy's dividend payout ratio (DPR) is 45.51%.

Suncor Energy 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.