Suncor Energy Inc. $SU Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,373,156 shares of the oil and gas producer’s stock after selling 183,534 shares during the period. Fiera Capital Corp’s holdings in Suncor Energy were worth $60,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SU. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Suncor Energy by 54.9% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 635 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 225 shares during the period. Headlands Technologies LLC acquired a new position in shares of Suncor Energy during the second quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its position in shares of Suncor Energy by 95.8% during the third quarter. Smartleaf Asset Management LLC now owns 793 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 388 shares during the period. Accent Capital Management LLC boosted its position in shares of Suncor Energy by 37.5% during the fourth quarter. Accent Capital Management LLC now owns 825 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 225 shares during the period. Finally, Maseco LLP acquired a new position in shares of Suncor Energy during the fourth quarter worth approximately $39,000. 67.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SU shares. Royal Bank Of Canada boosted their price objective on Suncor Energy from $75.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Zacks Research downgraded Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings downgraded Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Wall Street Zen downgraded Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, The Goldman Sachs Group downgraded Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.67.

Suncor Energy Stock Performance

SU opened at $62.28 on Monday. The company has a market capitalization of $73.54 billion, a price-to-earnings ratio of 16.35 and a beta of 0.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.42 and a quick ratio of 0.92. Suncor Energy Inc. has a 1-year low of $36.60 and a 1-year high of $70.29. The business has a 50 day moving average price of $65.31 and a two-hundred day moving average price of $55.84.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.04). The firm had revenue of $10.41 billion during the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a return on equity of 13.96% and a net margin of 12.29%.During the same quarter last year, the company earned $1.31 earnings per share. Research analysts predict that Suncor Energy Inc. will post 7.07 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, June 4th. Suncor Energy’s dividend payout ratio is 45.41%.

About Suncor Energy

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.