Inlet Private Wealth LLC Has $3.81 Million Stock Holdings in Suncor Energy Inc. (NYSE:SU)

Inlet Private Wealth LLC decreased its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,855 shares of the oil and gas producer’s stock after selling 1,100 shares during the period. Inlet Private Wealth LLC’s holdings in Suncor Energy were worth $3,813,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SU. Eastern Bank bought a new stake in Suncor Energy in the third quarter valued at about $25,000. Waldron Private Wealth LLC acquired a new position in shares of Suncor Energy in the 3rd quarter worth approximately $49,000. UMB Bank n.a. lifted its position in shares of Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 300 shares during the period. Transamerica Financial Advisors Inc. boosted its stake in Suncor Energy by 2,311.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,977 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 1,895 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new stake in Suncor Energy in the second quarter valued at $82,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Price Performance

SU opened at $37.50 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market capitalization of $46.67 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 2.97 and a beta of 1.12. The company’s 50 day simple moving average is $37.78 and its 200-day simple moving average is $38.55. Suncor Energy Inc. has a one year low of $31.25 and a one year high of $41.94.

Suncor Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were given a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.36%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is presently 35.08%.

Analysts Set New Price Targets

SU has been the subject of a number of analyst reports. Morgan Stanley downgraded shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.00.

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.