Wells Fargo & Company MN grew its stake in SunCoke Energy, Inc. (NYSE:SXC – Free Report) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,152 shares of the energy company’s stock after buying an additional 7,338 shares during the period. Wells Fargo & Company MN owned 0.07% of SunCoke Energy worth $590,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of SXC. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SunCoke Energy by 835.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company’s stock worth $38,000 after buying an additional 3,242 shares during the period. GAMMA Investing LLC grew its position in shares of SunCoke Energy by 71.3% during the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,730 shares during the last quarter. KBC Group NV increased its holdings in shares of SunCoke Energy by 61.1% in the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after acquiring an additional 2,307 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in SunCoke Energy in the 4th quarter valued at $118,000. Finally, Navellier & Associates Inc. boosted its stake in SunCoke Energy by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock worth $121,000 after purchasing an additional 1,152 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.
SunCoke Energy Trading Up 0.5 %
NYSE SXC opened at $9.15 on Friday. The firm’s fifty day moving average is $9.12 and its two-hundred day moving average is $10.12. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The firm has a market cap of $774.09 million, a PE ratio of 8.17 and a beta of 0.90.
SunCoke Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Friday, May 16th. SunCoke Energy’s dividend payout ratio (DPR) is presently 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.
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