Allspring Global Investments Holdings LLC Sells 8,532 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Allspring Global Investments Holdings LLC reduced its position in SunCoke Energy, Inc. (NYSE:SXC) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,897 shares of the energy company’s stock after selling 8,532 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SunCoke Energy were worth $260,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SXC. Vanguard Group Inc. boosted its stake in SunCoke Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock worth $77,124,000 after acquiring an additional 77,649 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of SunCoke Energy by 3.1% in the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after buying an additional 139,971 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after buying an additional 292,050 shares in the last quarter. LSV Asset Management lifted its stake in shares of SunCoke Energy by 2.4% in the first quarter. LSV Asset Management now owns 2,099,317 shares of the energy company’s stock valued at $23,659,000 after buying an additional 49,800 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in shares of SunCoke Energy by 2.1% in the first quarter. Bridgeway Capital Management LLC now owns 1,479,685 shares of the energy company’s stock valued at $16,676,000 after buying an additional 30,790 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Stock Down 4.8 %

SunCoke Energy stock opened at $9.82 on Monday. The firm’s fifty day moving average price is $8.51 and its two-hundred day moving average price is $9.51. The firm has a market capitalization of $825.76 million, a price-to-earnings ratio of 9.82 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $11.85.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, equities research analysts predict that SunCoke Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.89%. SunCoke Energy’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

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.