Envestnet Asset Management Inc. Buys 39,194 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Envestnet Asset Management Inc. raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 105.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,250 shares of the energy company’s stock after acquiring an additional 39,194 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of SunCoke Energy worth $816,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of SunCoke Energy by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,993,020 shares of the energy company’s stock valued at $74,825,000 after purchasing an additional 19,644 shares in the last quarter. American Century Companies Inc. lifted its holdings in SunCoke Energy by 11.0% during the 4th quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company’s stock valued at $32,985,000 after purchasing an additional 306,356 shares during the last quarter. Pacer Advisors Inc. acquired a new position in SunCoke Energy in the fourth quarter valued at about $27,164,000. Norges Bank bought a new stake in SunCoke Energy during the fourth quarter worth about $11,841,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of SunCoke Energy by 4.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,030,196 shares of the energy company’s stock worth $11,023,000 after buying an additional 44,009 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Performance

NYSE:SXC opened at $9.15 on Friday. The stock has a market capitalization of $774.09 million, a P/E ratio of 8.17 and a beta of 0.90. The company has a current ratio of 2.22, a quick ratio of 1.27 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 $12.82. The firm has a 50 day moving average of $9.12 and a 200-day moving average of $10.12.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $436.00 million during the quarter, compared to the consensus estimate of $371.60 million. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, sell-side analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 5.25%. SunCoke Energy’s dividend payout ratio (DPR) is 42.86%.

About SunCoke Energy

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.