As Suncor Energy INC (SU) Stock Price Declined, Holder Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Decreased by $36.38 Million Its Holding

December 7, 2017 - By Marie Mckinney

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp decreased its stake in Suncor Energy Inc (SU) by 14.86% based on its latest 2017Q2 regulatory filing with the SEC. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp sold 983,200 shares as the company’s stock declined 0.40% while stock markets rallied. The institutional investor held 5.63M shares of the integrated oil company at the end of 2017Q2, valued at $213.41 million, down from 6.62M at the end of the previous reported quarter. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp who had been investing in Suncor Energy Inc for a number of months, seems to be less bullish one the $57.19B market cap company. The stock increased 0.79% or $0.27 during the last trading session, reaching $34.31. About 2.20 million shares traded. Suncor Energy Inc. (NYSE:SU) has risen 22.43% since December 7, 2016 and is uptrending. It has outperformed by 5.73% the S&P500.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp, which manages about $10.63B US Long portfolio, upped its stake in Emerson Elec Co (NYSE:EMR) by 54,100 shares to 178,500 shares, valued at $10.64M in 2017Q2, according to the filing. It also increased its holding in Disney Walt Co (NYSE:DIS) by 36,300 shares in the quarter, for a total of 265,500 shares, and has risen its stake in Waste Connections Inc.

Analysts await Suncor Energy Inc. (NYSE:SU) to report earnings on February, 14. They expect $0.35 EPS, up 20.69 % or $0.06 from last year’s $0.29 per share. SU’s profit will be $583.43M for 24.51 P/E if the $0.35 EPS becomes a reality. After $0.41 actual EPS reported by Suncor Energy Inc. for the previous quarter, Wall Street now forecasts -14.63 % negative EPS growth.

More important recent Suncor Energy Inc. (NYSE:SU) news were published by: Fool.ca which released: “Dividend Investors: Should You Own Suncor Energy Inc. in Your TFSA?” on November 14, 2017, also Fool.ca published article titled: “Suncor Energy Inc.: Is the Stock Too Expensive Today?”, Fool.ca published: “Should You Buy Enbridge Inc. or Suncor Energy Inc. Today?” on November 19, 2017. More interesting news about Suncor Energy Inc. (NYSE:SU) was released by: Marketwired.com and their article: “Suncor Energy announces pricing of US$750 million notes offering” with publication date: November 08, 2017.

Suncor Energy Inc. (NYSE:SU) Ratings Coverage

Among 15 analysts covering Suncor Energy Inc. (NYSE:SU), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Suncor Energy Inc. had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Thursday, June 23. The company was maintained on Friday, October 13 by Morgan Stanley. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by Desjardins Securities on Thursday, December 1. The rating was downgraded by Macquarie Research on Tuesday, January 24 to “Neutral”. The stock of Suncor Energy Inc. (NYSE:SU) earned “Neutral” rating by JP Morgan on Tuesday, March 22. The stock has “Neutral” rating by Citigroup on Wednesday, September 16. Wells Fargo initiated the stock with “Outperform” rating in Friday, December 16 report. The stock of Suncor Energy Inc. (NYSE:SU) has “Overweight” rating given on Wednesday, November 2 by Morgan Stanley. The rating was downgraded by TD Securities on Wednesday, November 18 to “Hold”. TD Securities downgraded the stock to “Hold” rating in Thursday, November 16 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.