Sumitomo Mitsui Trust Holdings Inc. Sells 397,831 Shares of Suncor Energy Inc. (NYSE:SU)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,254,472 shares of the oil and gas producer’s stock after selling 397,831 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Suncor Energy worth $104,623,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. NewEdge Wealth LLC grew its holdings in Suncor Energy by 9.9% during the 4th quarter. NewEdge Wealth LLC now owns 587,664 shares of the oil and gas producer’s stock worth $18,829,000 after acquiring an additional 52,802 shares during the period. Clarius Group LLC grew its holdings in Suncor Energy by 62.2% during the 4th quarter. Clarius Group LLC now owns 11,235 shares of the oil and gas producer’s stock worth $360,000 after acquiring an additional 4,307 shares during the period. Sapient Capital LLC acquired a new stake in Suncor Energy during the 4th quarter worth $1,100,000. Cerity Partners LLC grew its holdings in Suncor Energy by 114.0% during the 4th quarter. Cerity Partners LLC now owns 21,295 shares of the oil and gas producer’s stock worth $682,000 after acquiring an additional 11,344 shares during the period. Finally, Value Partners Investments Inc. acquired a new stake in Suncor Energy during the 4th quarter worth $256,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

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

Suncor Energy Price Performance

Shares of NYSE SU opened at $37.59 on Wednesday. The firm has a market cap of $48.39 billion, a PE ratio of 8.00, a PEG ratio of 3.33 and a beta of 1.13. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.26. Suncor Energy Inc. has a 1-year low of $27.59 and a 1-year high of $39.32. The company has a fifty day moving average price of $35.39 and a 200 day moving average price of $33.58.

Suncor Energy (NYSE:SU) (TSE:SU) last announced its earnings results on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $1.33 EPS. Research analysts predict that Suncor Energy Inc. will post 3.72 earnings per share for the current fiscal year.

Suncor Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a $0.406 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.39. This represents a $1.62 dividend on an annualized basis and a yield of 4.32%. Suncor Energy’s dividend payout ratio is presently 34.26%.

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.