Atria Wealth Solutions Inc. Has $239,000 Position in Suncor Energy Inc. (NYSE:SU)

Atria Wealth Solutions Inc. lessened its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,460 shares of the oil and gas producer’s stock after selling 471 shares during the period. Atria Wealth Solutions Inc.’s holdings in Suncor Energy were worth $239,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SU. First Financial Corp IN grew 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 buying an additional 393 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of Suncor Energy by 4.6% during the 4th quarter. Procyon Advisors LLC now owns 9,412 shares of the oil and gas producer’s stock worth $302,000 after purchasing an additional 413 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of Suncor Energy by 4.5% during the third quarter. 180 Wealth Advisors LLC now owns 9,766 shares of the oil and gas producer’s stock valued at $336,000 after purchasing an additional 420 shares during the period. Schechter Investment Advisors LLC raised its stake in shares of Suncor Energy by 1.8% in the third quarter. Schechter Investment Advisors LLC now owns 25,226 shares of the oil and gas producer’s stock valued at $867,000 after purchasing an additional 442 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its position in Suncor Energy by 7.6% in the third quarter. Checchi Capital Advisers LLC now owns 7,966 shares of the oil and gas producer’s stock worth $274,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Up 2.8 %

SU opened at $40.14 on Friday. The firm has a market cap of $51.67 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 3.38 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 1.44. The firm’s 50-day simple moving average is $37.26 and its 200-day simple moving average is $34.15. Suncor Energy Inc. has a twelve month low of $27.59 and a twelve month high of $40.39.

Suncor Energy (NYSE:SU) (TSE:SU) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas producer reported $0.93 earnings per share 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 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 quarter last year, the business posted $1.33 earnings per share. Equities research analysts anticipate that Suncor Energy Inc. will post 3.77 EPS for the current fiscal year.

Suncor Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Tuesday, June 4th. Suncor Energy’s payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SU. StockNews.com cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Suncor Energy from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.00.

About Suncor Energy

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.