Natixis Advisors LLC Has $42.97 Million Stake in Suncor Energy Inc. (NYSE:SU)

Natixis Advisors LLC raised its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,787 shares of the oil and gas producer’s stock after purchasing an additional 206,992 shares during the quarter. Natixis Advisors LLC owned 0.09% of Suncor Energy worth $42,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of Suncor Energy by 59.7% in the first quarter. Toronto Dominion Bank now owns 17,606,934 shares of the oil and gas producer’s stock valued at $649,872,000 after acquiring an additional 6,580,260 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Suncor Energy by 90.9% in the second 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 acquiring an additional 3,951,287 shares during the last quarter. National Bank of Canada FI increased its position in shares of Suncor Energy by 60.7% in the second quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer’s stock valued at $328,876,000 after acquiring an additional 3,272,896 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Suncor Energy by 305.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,725,000 shares of the oil and gas producer’s stock valued at $63,687,000 after acquiring an additional 1,300,000 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Suncor Energy by 23.0% in the third quarter. Principal Financial Group Inc. now owns 6,939,573 shares of the oil and gas producer’s stock valued at $256,429,000 after acquiring an additional 1,296,142 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Price Performance

Suncor Energy stock opened at $40.48 on Monday. Suncor Energy Inc. has a 12 month low of $29.45 and a 12 month high of $41.94. The stock’s 50 day moving average is $38.40 and its 200-day moving average is $38.77. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $51.08 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 2.87 and a beta of 1.12.

Suncor Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.4089 dividend. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.64 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio is presently 36.60%.

Wall Street Analyst Weigh In

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

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.