SG Americas Securities LLC purchased a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 76,822 shares of the energy company’s stock, valued at approximately $667,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in SXC. Los Angeles Capital Management LLC boosted its stake in SunCoke Energy by 30.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 146,876 shares of the energy company’s stock valued at $1,655,000 after purchasing an additional 34,622 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of SunCoke Energy by 45.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock worth $605,000 after buying an additional 16,869 shares during the last quarter. Vest Financial LLC bought a new stake in shares of SunCoke Energy in the first quarter valued at approximately $872,000. BNP Paribas Financial Markets grew its stake in shares of SunCoke Energy by 130.5% in the first quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock worth $1,294,000 after acquiring an additional 64,978 shares during the last quarter. Finally, Jennison Associates LLC increased its position in SunCoke Energy by 19.7% during the first quarter. Jennison Associates LLC now owns 115,571 shares of the energy company’s stock worth $1,302,000 after acquiring an additional 19,020 shares during the period. 90.45% of the stock is owned by institutional investors and hedge funds.
SunCoke Energy Price Performance
Shares of SXC stock opened at $8.67 on Monday. The stock has a 50 day moving average of $8.51 and a two-hundred day moving average of $9.73. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.74. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $11.85. The company has a market capitalization of $729.06 million, a P/E ratio of 12.04 and a beta of 1.04.
SunCoke Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.12 per share. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Thursday, August 15th. SunCoke Energy’s payout ratio is 66.67%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th.
Read Our Latest Stock Analysis on SXC
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.
Featured Stories
- Five stocks we like better than SunCoke Energy
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Compound Interest and Why It Matters When Investing
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- How Technical Indicators Can Help You Find Oversold StocksÂ
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Want to see what other hedge funds are holding SXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunCoke Energy, Inc. (NYSE:SXC – Free Report).
Receive News & Ratings for SunCoke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunCoke Energy and related companies with MarketBeat.com's FREE daily email newsletter.