Retirement Investment Advisors Inc. Invests $110,000 in SunCoke Energy, Inc. (NYSE:SXC)

Retirement Investment Advisors Inc. purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,245 shares of the energy company’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of SunCoke Energy in the second quarter worth $70,000. Beacon Bridge Wealth Partners LLC purchased a new stake in SunCoke Energy during the 2nd quarter worth $111,000. Cornerstone Investment Partners LLC purchased a new stake in SunCoke Energy during the 1st quarter worth $174,000. ProShare Advisors LLC increased its holdings in SunCoke Energy by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in SunCoke Energy in the second quarter valued at about $193,000. 90.45% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Trading Up 2.9 %

SXC opened at $8.24 on Friday. The firm’s 50 day moving average is $9.30 and its 200-day moving average is $10.03. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $11.85. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $692.90 million, a P/E ratio of 11.61 and a beta of 1.04.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The firm had revenue of $470.90 million for the quarter, compared to the consensus estimate of $410.35 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. Analysts expect that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.12 dividend. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 5.83%. SunCoke Energy’s payout ratio is 67.61%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded SunCoke Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 4th.

SunCoke Energy Profile

SunCoke Energy, Inc operates as an independent producer of coke in the Americas and Brazil. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing based customers.