Transamerica Financial Advisors Inc. Purchases 1,895 Shares of Suncor Energy Inc. (NYSE:SU)

Transamerica Financial Advisors Inc. increased its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2,311.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,977 shares of the oil and gas producer’s stock after acquiring an additional 1,895 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Suncor Energy were worth $73,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Suncor Energy by 90.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock valued at $316,226,000 after purchasing an additional 3,951,287 shares during the period. National Bank of Canada FI grew its position in shares of Suncor Energy by 60.7% during the 2nd quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer’s stock worth $328,876,000 after buying an additional 3,272,896 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Suncor Energy by 23.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,695,560 shares of the oil and gas producer’s stock worth $357,827,000 after buying an additional 1,829,936 shares during the period. Principal Financial Group Inc. grew its position in shares of Suncor Energy by 23.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer’s stock worth $256,429,000 after buying an additional 1,296,142 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Suncor Energy by 5.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after buying an additional 1,209,073 shares during the period. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Stock Up 0.1 %

Suncor Energy stock opened at $39.56 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. Suncor Energy Inc. has a fifty-two week low of $29.45 and a fifty-two week high of $41.94. The company’s 50 day simple moving average is $39.03 and its 200 day simple moving average is $38.86. The firm has a market capitalization of $49.77 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 2.69 and a beta of 1.12.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.4089 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 4.13%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.40. Suncor Energy’s payout ratio is presently 35.29%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.40.

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.