SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,993 shares of the energy company’s stock after selling 3,069 shares during the quarter. New York State Teachers Retirement System owned 0.07% of SunCoke Energy worth $570,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of SunCoke Energy by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,728 shares of the energy company’s stock valued at $319,000 after buying an additional 12,176 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in SunCoke Energy by 142.7% in the first quarter. CWA Asset Management Group LLC now owns 168,288 shares of the energy company’s stock valued at $1,548,000 after acquiring an additional 98,962 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in SunCoke Energy by 586.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 178,859 shares of the energy company’s stock valued at $1,646,000 after acquiring an additional 152,798 shares during the last quarter. Ritholtz Wealth Management grew its holdings in SunCoke Energy by 119.0% during the 1st quarter. Ritholtz Wealth Management now owns 130,211 shares of the energy company’s stock worth $1,198,000 after acquiring an additional 70,749 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of SunCoke Energy in the 1st quarter worth about $106,000. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

Shares of SXC opened at $8.60 on Friday. The business’s fifty day moving average price is $8.46 and its 200 day moving average price is $9.18. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82. The stock has a market capitalization of $727.57 million, a PE ratio of 7.89 and a beta of 1.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.40 and a quick ratio of 1.39.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $436.00 million for the quarter, compared to analysts’ expectations of $371.60 million. SunCoke Energy had a return on equity of 13.40% and a net margin of 4.95%. The business’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Equities research analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.48 annualized dividend and a yield of 5.58%. SunCoke Energy’s payout ratio is 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.