SunCoke Energy, Inc. (NYSE:SXC) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 54.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,728 shares of the energy company’s stock after buying an additional 12,176 shares during the period. Allspring Global Investments Holdings LLC’s holdings in SunCoke Energy were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its stake in SunCoke Energy by 142.7% during the 1st quarter. CWA Asset Management Group LLC now owns 168,288 shares of the energy company’s stock valued at $1,548,000 after purchasing an additional 98,962 shares during the last quarter. Exchange Traded Concepts LLC grew 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 purchasing an additional 152,798 shares during the last quarter. Ritholtz Wealth Management grew its stake in SunCoke Energy by 119.0% during the 1st quarter. Ritholtz Wealth Management now owns 130,211 shares of the energy company’s stock valued at $1,198,000 after purchasing an additional 70,749 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in SunCoke Energy during the 1st quarter valued at about $106,000. Finally, Veracity Capital LLC grew its stake in SunCoke Energy by 8.0% during the 1st quarter. Veracity Capital LLC now owns 45,737 shares of the energy company’s stock valued at $421,000 after purchasing an additional 3,406 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $8.83 on Friday. The stock has a market cap of $747.04 million, a PE ratio of 8.10 and a beta of 1.11. The business has a 50-day simple moving average of $8.45 and a 200-day simple moving average of $9.17. The company has a quick ratio of 1.39, a current ratio of 2.40 and a debt-to-equity ratio of 0.69. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82.

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 business had revenue of $436.00 million during 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 company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $0.12 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 5.44%. 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.