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

Natixis Advisors LLC increased its stake in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 21.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,163,787 shares of the oil and gas producer’s stock after buying an additional 206,992 shares during the quarter. Natixis Advisors LLC’s holdings in Suncor Energy were worth $42,967,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SU. BNP Paribas Financial Markets grew its position in Suncor Energy by 2,358.4% during the first quarter. BNP Paribas Financial Markets now owns 17,209 shares of the oil and gas producer’s stock worth $635,000 after buying an additional 16,509 shares in the last quarter. Vanguard Group Inc. lifted its stake in Suncor Energy by 1.4% during the first quarter. Vanguard Group Inc. now owns 51,226,454 shares of the oil and gas producer’s stock worth $1,890,768,000 after purchasing an additional 691,497 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Suncor Energy by 87.6% during the first quarter. UniSuper Management Pty Ltd now owns 18,200 shares of the oil and gas producer’s stock worth $672,000 after purchasing an additional 8,500 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in Suncor Energy during the first quarter worth $217,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Suncor Energy by 305.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,725,000 shares of the oil and gas producer’s stock worth $63,687,000 after purchasing an additional 1,300,000 shares during the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Suncor Energy Stock Performance

Shares of SU opened at $40.48 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.93. The stock has a 50-day moving average of $38.40 and a 200-day moving average of $38.77. The company has a market cap of $51.08 billion, a PE ratio of 8.82, a P/E/G ratio of 2.87 and a beta of 1.12. Suncor Energy Inc. has a one year low of $29.45 and a one year high of $41.94.

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 paid a $0.4089 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Suncor Energy’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 4.04%. Suncor Energy’s dividend payout ratio (DPR) is currently 36.60%.

Wall Street Analyst Weigh In

SU has been the subject of a number of research reports. StockNews.com upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” 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, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.