SunCoke Energy, Inc. (NYSE:SXC) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,643 shares of the energy company’s stock after purchasing an additional 1,932 shares during the period. Mackenzie Financial Corp’s holdings in SunCoke Energy were worth $179,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SXC. Pacer Advisors Inc. grew its holdings in SunCoke Energy by 92.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,241,721 shares of the energy company’s stock valued at $45,556,000 after buying an additional 2,033,058 shares during the last quarter. Invesco Ltd. boosted its stake in shares of SunCoke Energy by 15.3% during the 3rd quarter. Invesco Ltd. now owns 2,034,183 shares of the energy company’s stock worth $20,647,000 after purchasing an additional 270,467 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of SunCoke Energy by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,715,411 shares of the energy company’s stock worth $17,411,000 after buying an additional 74,713 shares in the last quarter. American Century Companies Inc. raised 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 buying an additional 127,997 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of SunCoke Energy by 93.9% during 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 buying an additional 555,271 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SunCoke Energy Trading Up 0.1 %

Shares of SXC stock opened at $10.58 on Tuesday. The firm’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.29. 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 market cap of $889.51 million, a P/E ratio of 15.79 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, February 1st. The energy company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $520.60 million for the quarter, compared to analysts’ expectations of $406.40 million. SunCoke Energy had a return on equity of 8.99% and a net margin of 2.79%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that SunCoke Energy, Inc. will post 0.86 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Wednesday, February 14th. SunCoke Energy’s payout ratio is currently 59.70%.

Insider Activity at SunCoke Energy

In other SunCoke Energy news, CEO Michael G. Rippey sold 78,714 shares of SunCoke Energy 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 transaction, the chief executive officer now directly owns 342,359 shares of the company’s stock, valued at $3,786,490.54. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, 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 value 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 $3,786,490.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael G. Rippey sold 48,618 shares of the 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 approximately $8,344,060.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,572 shares of company stock worth $2,781,834. 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.