Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Decreased Its Holding in Suncor Energy INC (SU) as Stock Declined

December 7, 2017 - By Adrian Mccoy

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 $213.41M, 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 $57.19 billion 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 $10.63B US Long portfolio, upped its stake in Level 3 Communications Inc (NYSE:LVLT) by 100,000 shares to 400,000 shares, valued at $23.72 million in 2017Q2, according to the filing. It also increased its holding in Ncr Corp (NYSE:NCR) by 99,000 shares in the quarter, for a total of 266,500 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

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: “Should You Buy Enbridge Inc. or Suncor Energy Inc. Today?”, Fool.ca published: “Suncor Energy Inc.: Is the Stock Too Expensive Today?” on December 01, 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 rating was upgraded by Desjardins Securities on Thursday, December 1 to “Buy”. Citigroup downgraded the shares of SU in report on Wednesday, April 20 to “Neutral” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, November 2. The rating was downgraded by Macquarie Research on Tuesday, January 24 to “Neutral”. As per Thursday, November 16, the company rating was downgraded by TD Securities. The rating was upgraded by Citigroup on Thursday, June 23 to “Buy”. The stock of Suncor Energy Inc. (NYSE:SU) earned “Outperform” rating by National Bank Canada on Friday, October 30. The firm has “Hold” rating by TD Securities given on Wednesday, November 18. The stock has “Outperform” rating by Wells Fargo on Friday, December 16. The stock of Suncor Energy Inc. (NYSE:SU) earned “Buy” rating by Bank of America on Friday, August 19.

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.