Suncor Energy Inc. (SU) Holdings Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 25.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,238 shares of the oil and gas producer’s stock after acquiring an additional 65,134 shares during the period. Advisors Asset Management Inc.’s holdings in Suncor Energy were worth $12,946,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sanders Capital LLC bought a new stake in shares of Suncor Energy during the 2nd quarter worth $525,087,000. Fiera Capital Corp raised its stake in shares of Suncor Energy by 277.0% during the 2nd quarter. Fiera Capital Corp now owns 4,592,696 shares of the oil and gas producer’s stock worth $186,923,000 after purchasing an additional 3,374,469 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Suncor Energy by 17.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,966,446 shares of the oil and gas producer’s stock worth $812,045,000 after purchasing an additional 2,911,304 shares during the period. Waddell & Reed Financial Inc. raised its stake in shares of Suncor Energy by 203.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 4,284,540 shares of the oil and gas producer’s stock worth $174,295,000 after purchasing an additional 2,870,436 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Suncor Energy by 29.2% during the 2nd quarter. Toronto Dominion Bank now owns 12,634,172 shares of the oil and gas producer’s stock worth $510,177,000 after purchasing an additional 2,854,790 shares during the period. Institutional investors and hedge funds own 65.14% of the company’s stock.

Shares of SU opened at $36.22 on Thursday. Suncor Energy Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $42.55. The stock has a market capitalization of $62.58 billion, a P/E ratio of 23.99, a PEG ratio of 1.54 and a beta of 0.85. The company has a quick ratio of 0.56, a current ratio of 0.90 and a debt-to-equity ratio of 0.30.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas producer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.16. Suncor Energy had a return on equity of 9.61% and a net margin of 12.25%. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same quarter last year, the firm posted $0.26 EPS. Sell-side analysts expect that Suncor Energy Inc. will post 2.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Tuesday, September 4th were issued a $0.274 dividend. This represents a $1.10 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, August 31st. Suncor Energy’s dividend payout ratio (DPR) is currently 72.85%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Suncor Energy from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Saturday, July 7th. Mizuho started coverage on Suncor Energy in a research note on Monday, July 23rd. They set a “buy” rating on the stock. CIBC started coverage on Suncor Energy in a report on Friday, October 5th. They issued a “sector outperform” rating for the company. Macquarie raised Suncor Energy from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. lowered Suncor Energy from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 11th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Suncor Energy currently has an average rating of “Buy” and an average price target of $49.43.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

Recommended Story: Conference Calls

Want to see what other hedge funds are holding SU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Suncor Energy Inc. (NYSE:SU) (TSE:SU).

Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply