Bank of New York Mellon Corp lessened its stake in SunCoke Energy, Inc. (NYSE:SXC – Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,382,197 shares of the energy company’s stock after selling 18,371 shares during the period. Bank of New York Mellon Corp owned about 1.65% of SunCoke Energy worth $12,412,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. New Hampshire Trust acquired a new position in shares of SunCoke Energy in the 4th quarter valued at $27,000. Dorsey Wright & Associates acquired a new position in shares of SunCoke Energy in the fourth quarter worth about $27,000. Captrust Financial Advisors boosted its stake in shares of SunCoke Energy by 142.9% during the 1st quarter. Captrust Financial Advisors now owns 4,958 shares of the energy company’s stock worth $44,000 after acquiring an additional 2,917 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of SunCoke Energy by 179.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,574 shares of the energy company’s stock valued at $50,000 after acquiring an additional 5,510 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of SunCoke Energy by 193.5% in the 3rd quarter. Royal Bank of Canada now owns 9,329 shares of the energy company’s stock valued at $54,000 after purchasing an additional 6,151 shares in the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. B. Riley downgraded SunCoke Energy from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $11.00 in a research report on Thursday, August 3rd. StockNews.com began coverage on SunCoke Energy in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Benchmark boosted their price target on shares of SunCoke Energy from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd.
SunCoke Energy Trading Up 0.4 %
Shares of SunCoke Energy stock opened at $9.30 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. SunCoke Energy, Inc. has a twelve month low of $5.72 and a twelve month high of $10.43. The firm has a market capitalization of $778.97 million, a PE ratio of 8.77 and a beta of 1.30. The firm’s 50-day moving average price is $8.65 and its 200 day moving average price is $8.47.
SunCoke Energy (NYSE:SXC – Get Free Report) last released its earnings results on Tuesday, August 1st. The energy company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $534.40 million for the quarter, compared to the consensus estimate of $371.60 million. SunCoke Energy had a return on equity of 14.35% and a net margin of 4.38%. On average, sell-side analysts predict that SunCoke Energy, Inc. will post 0.78 EPS for the current fiscal year.
SunCoke Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.08. SunCoke Energy’s payout ratio is 37.74%.
SunCoke Energy Company 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.
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