First Trust Advisors LP Increases Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

First Trust Advisors LP raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,423 shares of the energy company’s stock after acquiring an additional 19,234 shares during the period. First Trust Advisors LP owned 0.06% of SunCoke Energy worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SXC. Navellier & Associates Inc. boosted its position in shares of SunCoke Energy by 11.3% in the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock valued at $121,000 after purchasing an additional 1,152 shares during the period. Walleye Capital LLC increased its position in SunCoke Energy by 8.4% during the fourth quarter. Walleye Capital LLC now owns 17,268 shares of the energy company’s stock worth $185,000 after buying an additional 1,332 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of SunCoke Energy by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 46,022 shares of the energy company’s stock valued at $492,000 after acquiring an additional 1,592 shares during the period. Bank of Montreal Can boosted its holdings in shares of SunCoke Energy by 3.0% in the fourth quarter. Bank of Montreal Can now owns 58,050 shares of the energy company’s stock valued at $621,000 after acquiring an additional 1,709 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of SunCoke Energy by 71.3% in the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,730 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Down 1.4 %

Shares of NYSE:SXC opened at $8.54 on Friday. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The stock has a market cap of $722.92 million, a P/E ratio of 7.63 and a beta of 1.18. The firm has a fifty day moving average price of $9.09 and a 200 day moving average price of $10.13.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $436.00 million for the quarter, compared to analyst estimates 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 was down 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. Sell-side analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

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 5.62%. The ex-dividend date is Friday, May 16th. SunCoke Energy’s dividend payout ratio (DPR) is presently 44.04%.

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.