Charles Schwab Investment Management Inc. Sells 363,122 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Charles Schwab Investment Management Inc. reduced its stake in SunCoke Energy, Inc. (NYSE:SXC) by 23.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,204,780 shares of the energy company’s stock after selling 363,122 shares during the period. Charles Schwab Investment Management Inc. owned about 1.43% of SunCoke Energy worth $10,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. nVerses Capital LLC grew its holdings in SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after acquiring an additional 4,400 shares during the last quarter. Innealta Capital LLC acquired a new position in SunCoke Energy during the 2nd quarter worth about $70,000. Optas LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter valued at about $88,000. Algert Global LLC acquired a new stake in shares of SunCoke Energy in the second quarter valued at about $107,000. Finally, Retirement Investment Advisors Inc. bought a new position in shares of SunCoke Energy during the second quarter worth about $110,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on SXC. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a report on Tuesday, November 5th. 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 Stock Performance

SXC stock opened at $12.22 on Tuesday. The firm has a market cap of $1.03 billion, a PE ratio of 12.22 and a beta of 1.07. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $10.59 and a 200-day moving average price of $9.85. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. The business had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. As a group, equities research analysts expect that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s payout ratio is 48.00%.

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.