Gateway Investment Advisers LLC Has $351,000 Position in Suncor Energy Inc. (NYSE:SU)

Gateway Investment Advisers LLC trimmed its position in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,825 shares of the oil and gas producer’s stock after selling 1,153 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Suncor Energy were worth $351,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Investment Group LTD. raised its position in shares of Suncor Energy by 0.8% in the third quarter. Cullen Investment Group LTD. now owns 33,106 shares of the oil and gas producer’s stock valued at $1,222,000 after buying an additional 262 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $4,169,000 after acquiring an additional 321 shares during the period. Coldstream Capital Management Inc. raised its holdings in Suncor Energy by 5.0% in 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 acquiring an additional 354 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Suncor Energy by 3.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,464 shares of the oil and gas producer’s stock valued at $497,000 after acquiring an additional 416 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in shares of Suncor Energy by 2.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 18,646 shares of the oil and gas producer’s stock worth $688,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.

Analyst Upgrades and Downgrades

SU has been the subject of several recent analyst reports. Desjardins raised shares of Suncor Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 price target on shares of Suncor Energy in a research report on Tuesday, January 7th. Morgan Stanley cut shares of Suncor Energy from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Suncor Energy Price Performance

SU stock opened at $39.02 on Monday. Suncor Energy Inc. has a 1 year low of $31.03 and a 1 year high of $41.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.04. The stock has a market cap of $48.57 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 3.38 and a beta of 1.12. The company has a 50 day simple moving average of $38.07 and a 200 day simple moving average of $38.52.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.4089 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.19%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is presently 35.08%.

Suncor Energy Company 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.