California State Teachers Retirement System Decreases Stake in SunCoke Energy, Inc. (NYSE:SXC)

California State Teachers Retirement System decreased its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 1.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 104,254 shares of the energy company’s stock after selling 1,522 shares during the period. California State Teachers Retirement System owned approximately 0.12% of SunCoke Energy worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of SunCoke Energy by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 1,386,814 shares of the energy company’s stock worth $12,357,000 after purchasing an additional 95,677 shares in the last quarter. Citigroup Inc. lifted its position in SunCoke Energy by 2.8% during the 1st quarter. Citigroup Inc. now owns 72,194 shares of the energy company’s stock worth $643,000 after acquiring an additional 1,953 shares in the last quarter. Bank of Montreal Can boosted its holdings in SunCoke Energy by 53.0% in the 1st quarter. Bank of Montreal Can now owns 65,318 shares of the energy company’s stock worth $581,000 after acquiring an additional 22,618 shares during the period. MetLife Investment Management LLC grew its position in SunCoke Energy by 54.1% in the first quarter. MetLife Investment Management LLC now owns 44,813 shares of the energy company’s stock valued at $399,000 after acquiring an additional 15,741 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of SunCoke Energy by 3.8% during the first quarter. Rhumbline Advisers now owns 245,091 shares of the energy company’s stock valued at $2,184,000 after purchasing an additional 8,937 shares during the period. 86.96% of the stock is owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

Shares of SXC opened at $9.67 on Friday. The firm has a fifty day moving average of $8.71 and a 200-day moving average of $8.47. The company has a market cap of $809.92 million, a price-to-earnings ratio of 9.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 1.72. SunCoke Energy, Inc. has a 1 year low of $5.72 and a 1 year high of $10.43.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data 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. SunCoke Energy had a net margin of 4.38% and a return on equity of 14.35%. The company had revenue of $534.40 million during the quarter, compared to analyst estimates of $371.60 million. As a group, equities analysts anticipate that SunCoke Energy, Inc. will post 0.78 earnings per share for the current year.

SunCoke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.14%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, August 16th. SunCoke Energy’s payout ratio is presently 37.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SXC shares. StockNews.com assumed coverage on shares of SunCoke Energy in a report on Thursday, August 17th. They set a “buy” rating for the company. B. Riley lowered SunCoke Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $11.00 in a research report on Thursday, August 3rd. Finally, Benchmark increased their target price on SunCoke Energy from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd.

Insider Buying and Selling at SunCoke Energy

In other news, SVP Phillip Michael Hardesty sold 16,531 shares of SunCoke Energy stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $9.27, for a total transaction of $153,242.37. Following the transaction, the senior vice president now owns 182,502 shares in the company, valued at $1,691,793.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.73% of the company’s stock.

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.