Wealth Alliance Lowers Stake in Suncor Energy Inc. (NYSE:SU)

Wealth Alliance trimmed its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,828 shares of the oil and gas producer’s stock after selling 439 shares during the quarter. Wealth Alliance’s holdings in Suncor Energy were worth $411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pinnacle Associates Ltd. increased its position in Suncor Energy by 0.6% during the third quarter. Pinnacle Associates Ltd. now owns 47,669 shares of the oil and gas producer’s stock worth $1,639,000 after purchasing an additional 300 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Suncor Energy by 19.0% during the third quarter. Hexagon Capital Partners LLC now owns 1,931 shares of the oil and gas producer’s stock worth $66,000 after purchasing an additional 308 shares during the last quarter. Private Trust Co. NA increased its position in Suncor Energy by 38.4% during the third quarter. Private Trust Co. NA now owns 1,222 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 339 shares during the last quarter. Gradient Investments LLC increased its position in Suncor Energy by 1.0% during the third quarter. Gradient Investments LLC now owns 33,205 shares of the oil and gas producer’s stock worth $1,142,000 after purchasing an additional 345 shares during the last quarter. Finally, First Financial Corp IN increased its position in Suncor Energy by 3.3% during the fourth quarter. First Financial Corp IN now owns 12,422 shares of the oil and gas producer’s stock worth $398,000 after purchasing an additional 393 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley boosted their price objective on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Suncor Energy Price Performance

SU opened at $37.90 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 52-week low of $27.59 and a 52-week high of $39.32. The company has a 50 day moving average of $35.50 and a two-hundred day moving average of $33.61. The company has a market cap of $48.78 billion, a P/E ratio of 8.06, a P/E/G ratio of 3.31 and a beta of 1.13.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.46 billion. Suncor Energy had a net margin of 16.33% and a return on equity of 16.08%. During the same period in the previous year, the firm earned $1.33 earnings per share. On average, analysts expect that Suncor Energy Inc. will post 3.78 earnings per share for the current year.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 4th were paid a $0.406 dividend. The ex-dividend date was Friday, March 1st. This is an increase from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a dividend yield of 4.29%. Suncor Energy’s dividend payout ratio is 34.26%.

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.