Transamerica Financial Advisors Inc. Buys 1,895 Shares of Suncor Energy Inc. (NYSE:SU)

Transamerica Financial Advisors Inc. raised its stake in Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 2,311.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,977 shares of the oil and gas producer’s stock after buying an additional 1,895 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Suncor Energy were worth $73,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Eastern Bank bought a new stake in shares of Suncor Energy in the third quarter worth $25,000. Trust Co. of Vermont acquired a new position in Suncor Energy during the second quarter worth $26,000. Summit Securities Group LLC acquired a new position in Suncor Energy during the second quarter worth $27,000. Richardson Financial Services Inc. increased its holdings in Suncor Energy by 82.8% during the second quarter. Richardson Financial Services Inc. now owns 724 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 328 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in Suncor Energy during the second quarter worth $29,000. Institutional investors own 67.37% of the company’s stock.

Suncor Energy Trading Up 0.1 %

SU stock opened at $39.56 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59. The company’s 50-day simple moving average is $39.03 and its 200 day simple moving average is $38.86. Suncor Energy Inc. has a 52 week low of $29.45 and a 52 week high of $41.94. The company has a market capitalization of $49.77 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 2.69 and a beta of 1.12.

Suncor Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.4089 dividend. The ex-dividend date 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 4.13%. Suncor Energy’s dividend payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SU. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, TD Securities upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.40.

About Suncor Energy

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.