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

Inlet Private Wealth LLC reduced its holdings in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 and other institutional investors have also recently bought and sold shares of SU. Eastern Bank bought a new stake in shares of Suncor Energy during the 3rd quarter valued at $25,000. Waldron Private Wealth LLC acquired a new stake in shares of Suncor Energy during the third quarter worth $49,000. UMB Bank n.a. increased its holdings in Suncor Energy by 27.5% in the fourth quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its stake in Suncor Energy by 2,311.0% in the third 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 during the period. Finally, Mattson Financial Services LLC bought a new position in Suncor Energy during the second quarter worth about $82,000. 67.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on SU shares. Morgan Stanley cut Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Finally, Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Suncor Energy Stock Performance

Shares of SU opened at $37.50 on Friday. The firm’s 50 day moving average price is $37.78 and its two-hundred day moving average price is $38.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. Suncor Energy Inc. has a twelve month low of $31.25 and a twelve month high of $41.94. The firm has a market cap of $46.67 billion, a P/E ratio of 8.17, a PEG ratio of 2.97 and a beta of 1.12.

Suncor Energy Increases Dividend

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

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.