Principal Securities Inc. Acquires 265 Shares of Suncor Energy Inc. (NYSE:SU)

Principal Securities Inc. lifted its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,423 shares of the oil and gas producer’s stock after purchasing an additional 265 shares during the period. Principal Securities Inc.’s holdings in Suncor Energy were worth $443,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in Suncor Energy by 27.5% during the 4th quarter. UMB Bank n.a. now owns 1,389 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Suncor Energy by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 112,925 shares of the oil and gas producer’s stock valued at $4,169,000 after buying an additional 321 shares during the period. HHM Wealth Advisors LLC boosted its position in Suncor Energy by 62.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 848 shares of the oil and gas producer’s stock valued at $30,000 after buying an additional 325 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Suncor Energy by 11.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,142 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 333 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in Suncor Energy by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,486 shares of the oil and gas producer’s stock valued at $276,000 after buying an additional 354 shares during the period. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SU. Tudor, Pickering, Holt & Co. raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. 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. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. StockNews.com raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Tudor Pickering raised shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.00.

Suncor Energy Stock Down 1.8 %

Shares of Suncor Energy stock opened at $39.46 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 0.86. The company has a 50-day moving average of $37.95 and a 200 day moving average of $38.66. The firm has a market cap of $49.11 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 2.92 and a beta of 1.12. Suncor Energy Inc. has a 1 year low of $33.26 and a 1 year high of $41.94.

Suncor Energy (NYSE:SU) (TSE:SU) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Suncor Energy had a net margin of 11.80% and a return on equity of 15.37%. As a group, sell-side analysts anticipate that Suncor Energy Inc. will post 3.42 earnings per share for the current fiscal year.

Suncor Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.399 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 dividend on an annualized basis and a yield of 4.04%. Suncor Energy’s dividend payout ratio is currently 46.67%.

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.