As Suncor Energy INC (SU) Shares Declined, Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Cut Stake by $36.38 Million

December 7, 2017 - By Winifred Garcia

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 6.62 million 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 2.20M 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 $10.63 billion US Long portfolio, upped its stake in Universal Hlth Svcs Inc (NYSE:UHS) by 26,300 shares to 92,800 shares, valued at $11.33 million in 2017Q2, according to the filing. It also increased its holding in Agnc Invt Corp by 552,200 shares in the quarter, for a total of 3.14M shares, and has risen its stake in Express Scripts Hldg Co (NASDAQ:ESRX).

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: Marketwired.com which released: “Suncor Energy announces pricing of US$750 million notes offering” on November 08, 2017, also Fool.ca published article titled: “Suncor Energy Inc.: Is the Stock Too Expensive Today?”, Fool.ca published: “Dividend Investors: Should You Own Suncor Energy Inc. in Your TFSA?” on November 14, 2017. More interesting news about Suncor Energy Inc. (NYSE:SU) was released by: Fool.ca and their article: “Should You Buy Enbridge Inc. or Suncor Energy Inc. Today?” with publication date: November 19, 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 firm has “Hold” rating by TD Securities given on Thursday, November 16. The firm has “Buy” rating by Edward Jones given on Tuesday, November 21. Citigroup maintained it with “Neutral” rating and $36 target in Wednesday, September 16 report. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by Citigroup on Thursday, June 23. Macquarie Research upgraded the shares of SU in report on Thursday, October 27 to “Outperform” rating. The stock has “Neutral” rating by Macquarie Research on Tuesday, January 24. The firm has “Outperform” rating given on Friday, October 30 by National Bank Canada. The rating was initiated by Bank of America on Friday, August 19 with “Buy”. The company was initiated on Tuesday, March 22 by JP Morgan. The rating was maintained by Morgan Stanley with “Overweight” on Friday, October 13.

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