FTB Advisors Inc. lowered its holdings in shares of Suncor Energy Inc. (NYSE:SU) (TSE:SU) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,516 shares of the oil and gas producer’s stock after selling 182 shares during the period. FTB Advisors Inc.’s holdings in Suncor Energy were worth $145,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SU. First Personal Financial Services boosted its stake in Suncor Energy by 144.1% during the 2nd quarter. First Personal Financial Services now owns 3,845 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 2,270 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Suncor Energy by 13.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,658 shares of the oil and gas producer’s stock worth $136,000 after acquiring an additional 562 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Suncor Energy by 680.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,735 shares of the oil and gas producer’s stock worth $167,000 after acquiring an additional 5,000 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Suncor Energy by 50.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,362 shares of the oil and gas producer’s stock worth $186,000 after acquiring an additional 2,138 shares during the period. Finally, Evercore Wealth Management LLC lifted its stake in shares of Suncor Energy by 7.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 6,675 shares of the oil and gas producer’s stock worth $195,000 after acquiring an additional 475 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.

Suncor Energy Inc. (NYSE:SU) traded down 0.94% during midday trading on Friday, hitting $34.67. 1,530,588 shares of the company’s stock traded hands. The company has a market capitalization of $57.53 billion, a PE ratio of 26.07 and a beta of 0.83. Suncor Energy Inc. has a 52 week low of $27.67 and a 52 week high of $35.18. The company has a 50 day moving average of $33.18 and a 200-day moving average of $31.42.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.2552 per share. This represents a $1.02 annualized dividend and a yield of 2.94%. The ex-dividend date was Thursday, August 31st. This is an increase from Suncor Energy ‘s previous quarterly dividend of $0.24. Suncor Energy ‘s payout ratio is presently 84.43%.

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Several analysts have recently commented on SU shares. Citigroup Inc. restated a “buy” rating on shares of Suncor Energy in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Suncor Energy from a “sell” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Suncor Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. National Bank Financial started coverage on shares of Suncor Energy in a research note on Tuesday, June 27th. They issued an “outperform” rating for the company. Finally, Barclays PLC restated an “overweight” rating and issued a $52.00 target price (up previously from $47.00) on shares of Suncor Energy in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and an average price target of $42.86.

About Suncor Energy

Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

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Institutional Ownership by Quarter for Suncor Energy  (NYSE:SU)

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