State Street Corp Increases Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

State Street Corp grew its stake in SunCoke Energy, Inc. (NYSE:SXC) by 3.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,848,334 shares of the energy company’s stock after buying an additional 163,839 shares during the quarter. State Street Corp owned approximately 0.06% of SunCoke Energy worth $42,084,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC lifted its position in shares of SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after purchasing an additional 4,400 shares during the period. Innealta Capital LLC bought a new stake in shares of SunCoke Energy in the second quarter worth approximately $70,000. Optas LLC purchased a new stake in SunCoke Energy during the third quarter valued at $88,000. Algert Global LLC purchased a new position in shares of SunCoke Energy during the 2nd quarter worth $107,000. Finally, Retirement Investment Advisors Inc. purchased a new position in shares of SunCoke Energy during the 2nd quarter valued at about $110,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Trading Down 0.5 %

Shares of NYSE SXC opened at $10.94 on Friday. The business has a fifty day moving average price of $11.10 and a 200 day moving average price of $9.92. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The stock has a market capitalization of $919.97 million, a P/E ratio of 10.94 and a beta of 1.07.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. During the same quarter in the previous year, the business posted $0.08 EPS. SunCoke Energy’s revenue was down 5.8% on a year-over-year basis. Equities research analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.39%. SunCoke Energy’s dividend payout ratio is presently 48.00%.

About SunCoke Energy

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.