TD Asset Management Inc. Has $1.21 Billion Holdings in Suncor Energy Inc. (NYSE:SU)

TD Asset Management Inc. reduced its position in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.5% in the second quarter, Holdings Channel reports. The fund owned 38,561,317 shares of the oil and gas producer’s stock after selling 185,587 shares during the quarter. Suncor Energy makes up about 1.8% of TD Asset Management Inc.’s portfolio, making the stock its 10th biggest position. TD Asset Management Inc.’s holdings in Suncor Energy were worth $1,205,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC raised its holdings in Suncor Energy by 6.8% during the 1st quarter. Princeton Global Asset Management LLC now owns 67,179 shares of the oil and gas producer’s stock valued at $2,178,000 after buying an additional 4,277 shares during the period. Icon Wealth Partners LLC purchased a new stake in Suncor Energy during the 1st quarter valued at $58,000. Ellis Investment Partners LLC purchased a new stake in Suncor Energy during the 1st quarter valued at $428,000. Perkins Coie Trust Co raised its holdings in Suncor Energy by 24.4% during the 2nd quarter. Perkins Coie Trust Co now owns 3,160 shares of the oil and gas producer’s stock valued at $98,000 after buying an additional 620 shares during the period. Finally, Guinness Asset Management Ltd raised its holdings in Suncor Energy by 22.2% during the 1st quarter. Guinness Asset Management Ltd now owns 360,462 shares of the oil and gas producer’s stock valued at $11,686,000 after buying an additional 65,500 shares during the period. Hedge funds and other institutional investors own 65.15% of the company’s stock.

SU stock traded down $0.04 during midday trading on Tuesday, reaching $28.57. The company’s stock had a trading volume of 625,782 shares, compared to its average volume of 4,030,839. The company has a quick ratio of 0.63, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $30.47. Suncor Energy Inc. has a 1 year low of $25.81 and a 1 year high of $42.16. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.321 per share. This is an increase from Suncor Energy’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, September 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.49%. Suncor Energy’s dividend payout ratio is presently 62.00%.

Several research firms recently weighed in on SU. ValuEngine lowered Suncor Energy from a “hold” rating to a “sell” rating in a report on Saturday, July 6th. GMP Securities restated a “hold” rating and set a $48.00 price target on shares of Suncor Energy in a report on Tuesday, May 7th. BMO Capital Markets restated a “buy” rating on shares of Suncor Energy in a report on Monday, June 24th. Mizuho reiterated an “average” rating and issued a $52.00 target price on shares of Suncor Energy in a research note on Monday, April 22nd. Finally, Raymond James reiterated a “buy” rating on shares of Suncor Energy in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.48.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Institutional Ownership by Quarter for Suncor Energy (NYSE:SU)

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