Suncor Energy Inc. (NYSE:SU) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. increased its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 4.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 22,508 shares of the oil and gas producer’s stock after purchasing an additional 867 shares during the quarter. Raymond James Trust N.A.’s holdings in Suncor Energy were worth $831,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Eastern Bank acquired a new stake in shares of Suncor Energy in the third quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in shares of Suncor Energy in the second quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of Suncor Energy in the second quarter valued at about $27,000. Richardson Financial Services Inc. grew its stake in shares of Suncor Energy by 82.8% in the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 328 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Suncor Energy in the second quarter valued at about $29,000. Institutional investors and hedge funds own 67.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SU. TD Securities raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Desjardins raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. StockNews.com raised Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $56.40.

Suncor Energy Stock Up 1.0 %

Shares of Suncor Energy stock opened at $41.53 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $38.86 and its 200-day simple moving average is $38.86. The stock has a market capitalization of $52.25 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.72 and a beta of 1.12. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.4089 dividend. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.94%. The ex-dividend date is Tuesday, December 3rd. Suncor Energy’s dividend payout ratio (DPR) is currently 35.29%.

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.