SunCoke Energy, Inc. (NYSE:SXC) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 773,105 shares of the energy company’s stock after purchasing an additional 10,980 shares during the quarter. Federated Hermes Inc.’s holdings in SunCoke Energy were worth $8,303,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in SunCoke Energy in the third quarter valued at $30,000. Catalyst Capital Advisors LLC bought a new stake in SunCoke Energy during the third quarter valued at $30,000. Advisor Partners II LLC bought a new stake in SunCoke Energy during the third quarter valued at $102,000. Evergreen Capital Management LLC bought a new stake in SunCoke Energy during the third quarter valued at $103,000. Finally, Optas LLC bought a new stake in SunCoke Energy during the fourth quarter valued at $108,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.

Insider Transactions at SunCoke Energy

In other news, CEO Michael G. Rippey sold 78,714 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the transaction, the chief executive officer now owns 342,359 shares in the company, valued at $3,786,490.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael G. Rippey sold 48,618 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total value of $531,394.74. Following the completion of the sale, the chief executive officer now owns 763,409 shares of the company’s stock, valued at $8,344,060.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael G. Rippey sold 78,714 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the completion of the sale, the chief executive officer now directly owns 342,359 shares of the company’s stock, valued at approximately $3,786,490.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 251,572 shares of company stock worth $2,781,834. Insiders own 1.73% of the company’s stock.

SunCoke Energy Stock Down 3.1 %

SXC stock opened at $10.37 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.86 and a quick ratio of 1.05. SunCoke Energy, Inc. has a 1-year low of $6.71 and a 1-year high of $11.48. The firm has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $10.28. The firm has a market cap of $871.81 million, a price-to-earnings ratio of 15.48 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, February 1st. The energy company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $520.60 million during the quarter, compared to analyst estimates of $406.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Research analysts predict that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.40 annualized dividend and a dividend yield of 3.86%. SunCoke Energy’s dividend payout ratio is currently 59.70%.

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.