Jennison Associates LLC Buys 3,954 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Jennison Associates LLC grew its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,551 shares of the energy company’s stock after acquiring an additional 3,954 shares during the quarter. Jennison Associates LLC’s holdings in SunCoke Energy were worth $1,037,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swiss National Bank boosted its position in shares of SunCoke Energy by 0.9% in the third quarter. Swiss National Bank now owns 184,050 shares of the energy company’s stock valued at $1,868,000 after acquiring an additional 1,700 shares during the period. AQR Capital Management LLC boosted its position in shares of SunCoke Energy by 5.0% in the third quarter. AQR Capital Management LLC now owns 638,418 shares of the energy company’s stock valued at $6,480,000 after acquiring an additional 30,213 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of SunCoke Energy by 67.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 199,360 shares of the energy company’s stock valued at $2,024,000 after acquiring an additional 80,358 shares during the period. American Century Companies Inc. boosted its position in shares of SunCoke Energy by 9.1% in the third quarter. American Century Companies Inc. now owns 1,532,018 shares of the energy company’s stock valued at $15,550,000 after acquiring an additional 127,997 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of SunCoke Energy by 93.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,146,422 shares of the energy company’s stock valued at $11,636,000 after acquiring an additional 555,271 shares during the period. Institutional investors own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 122,533 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $11.11, for a total value of $1,361,341.63. Following the completion of the transaction, the chief executive officer now owns 521,073 shares of the company’s stock, valued at $5,789,121.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SunCoke Energy news, CEO Michael G. Rippey sold 78,714 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 342,359 shares of the company’s stock, valued at approximately $3,786,490.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the sale, the chief executive officer now directly owns 521,073 shares of the company’s stock, valued at approximately $5,789,121.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,572 shares of company stock valued at $2,781,834. 1.73% of the stock is currently owned by insiders.

SunCoke Energy Stock Up 1.0 %

SXC stock opened at $10.57 on Friday. The company has a market cap of $888.62 million, a PE ratio of 15.78 and a beta of 1.17. The business has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $10.29. SunCoke Energy, Inc. has a 52 week low of $6.71 and a 52 week high of $11.48. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76.

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

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.78%. SunCoke Energy’s dividend payout ratio (DPR) 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.