Alberta Investment Management Corp Has $93.96 Million Stake in Suncor Energy Inc. $SU

Alberta Investment Management Corp boosted its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,116,900 shares of the oil and gas producer’s stock after purchasing an additional 12,400 shares during the quarter. Suncor Energy comprises 0.5% of Alberta Investment Management Corp’s portfolio, making the stock its 23rd largest holding. Alberta Investment Management Corp’s holdings in Suncor Energy were worth $93,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SU. Fisher Asset Management LLC lifted its position in Suncor Energy by 85.5% during the 3rd quarter. Fisher Asset Management LLC now owns 15,530,965 shares of the oil and gas producer’s stock worth $649,350,000 after acquiring an additional 7,158,953 shares during the last quarter. AQR Capital Management LLC boosted its stake in Suncor Energy by 7,636.8% during the 4th quarter. AQR Capital Management LLC now owns 6,016,483 shares of the oil and gas producer’s stock valued at $267,042,000 after purchasing an additional 5,938,719 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Suncor Energy by 62.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 13,335,239 shares of the oil and gas producer’s stock valued at $557,682,000 after purchasing an additional 5,113,280 shares during the period. FIL Ltd grew its holdings in Suncor Energy by 14.0% in the 4th quarter. FIL Ltd now owns 21,050,387 shares of the oil and gas producer’s stock valued at $934,312,000 after buying an additional 2,592,516 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Suncor Energy by 5,468.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,289,219 shares of the oil and gas producer’s stock valued at $101,609,000 after buying an additional 2,248,111 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SU shares. The Goldman Sachs Group lowered Suncor Energy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Friday, June 5th. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Wall Street Zen lowered shares of Suncor Energy from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Zacks Research lowered shares of Suncor Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Weiss Ratings cut shares of Suncor Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.67.

Suncor Energy Trading Down 1.7%

Shares of SU stock opened at $55.34 on Friday. The firm has a fifty day moving average of $64.23 and a 200-day moving average of $56.81. The stock has a market cap of $65.35 billion, a price-to-earnings ratio of 14.53 and a beta of 0.27. Suncor Energy Inc. has a 52-week low of $37.22 and a 52-week high of $70.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 1.42.

Suncor Energy (NYSE:SU) (TSE:SU) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.04). The business had revenue of $10.41 billion for the quarter, compared to analyst estimates of $9.22 billion. Suncor Energy had a net margin of 12.29% and a return on equity of 13.96%. During the same quarter last year, the firm posted $1.31 earnings per share. On average, equities research analysts forecast that Suncor Energy Inc. will post 7.07 earnings per share for the current fiscal year.

Suncor Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 4.3%. Suncor Energy’s dividend payout ratio (DPR) is currently 45.67%.

Suncor Energy Profile

Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.

Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.