Great West Life Assurance Co. Can boosted its holdings in Suncor Energy (NYSE:SU) (TSE:SU) by 1.2% during the first quarter, HoldingsChannel.com reports. The fund owned 13,469,863 shares of the oil and gas producer’s stock after purchasing an additional 158,767 shares during the period. Suncor Energy accounts for 1.1% of Great West Life Assurance Co. Can’s portfolio, making the stock its 9th largest holding. Great West Life Assurance Co. Can’s holdings in Suncor Energy were worth $464,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SU. SeaCrest Wealth Management LLC bought a new stake in Suncor Energy in the fourth quarter valued at about $100,000. Avestar Capital LLC bought a new stake in Suncor Energy in the fourth quarter valued at about $148,000. Signaturefd LLC bought a new stake in Suncor Energy in the first quarter valued at about $152,000. Icon Wealth Partners LLC bought a new stake in Suncor Energy in the fourth quarter valued at about $181,000. Finally, Fishman Jay A Ltd. MI bought a new stake in Suncor Energy in the fourth quarter valued at about $202,000. 65.34% of the stock is currently owned by institutional investors and hedge funds.

SU has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Suncor Energy from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Thursday. ValuEngine upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. Bank of America initiated coverage on shares of Suncor Energy in a research report on Thursday, April 5th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $44.00 price target on shares of Suncor Energy in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and an average target price of $50.00.

Shares of Suncor Energy opened at $39.17 on Friday, MarketBeat.com reports. Suncor Energy has a 1 year low of $27.96 and a 1 year high of $41.81. The company has a market cap of $66.46 billion, a PE ratio of 25.94, a P/E/G ratio of 1.69 and a beta of 0.80. The company has a current ratio of 0.89, a quick ratio of 0.55 and a debt-to-equity ratio of 0.30.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Monday, June 4th will be given a dividend of $0.2797 per share. The ex-dividend date is Friday, June 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.86%. Suncor Energy’s payout ratio is 76.16%.

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.

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 (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.