Intech Investment Management LLC Buys Shares of 19,725 SunCoke Energy, Inc. (NYSE:SXC)

Intech Investment Management LLC purchased a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,725 shares of the energy company’s stock, valued at approximately $193,000.

A number of other hedge funds have also modified their holdings of the business. Innealta Capital LLC acquired a new stake in SunCoke Energy in the 2nd quarter valued at approximately $70,000. Beacon Bridge Wealth Partners LLC acquired a new stake in shares of SunCoke Energy in the second quarter valued at $111,000. Cornerstone Investment Partners LLC purchased a new stake in shares of SunCoke Energy in the 1st quarter valued at $174,000. ProShare Advisors LLC lifted its stake in SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after acquiring an additional 1,158 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in SunCoke Energy by 61.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,173 shares of the energy company’s stock valued at $198,000 after acquiring an additional 7,668 shares during the period. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $8.68 on Monday. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $11.85. The firm has a 50 day moving average of $8.97 and a two-hundred day moving average of $9.90. 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 stock has a market capitalization of $729.90 million, a PE ratio of 12.23 and a beta of 1.04.

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

SunCoke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.53%. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s dividend payout ratio is presently 67.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Friday.

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.