Principal Financial Group Inc. Has $3.86 Million Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Principal Financial Group Inc. lifted its stake in SunCoke Energy, Inc. (NYSE:SXC) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,006 shares of the energy company’s stock after purchasing an additional 12,160 shares during the period. Principal Financial Group Inc. owned 0.50% of SunCoke Energy worth $3,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SXC. Wealth Enhancement Advisory Services LLC acquired a new position in shares of SunCoke Energy in the first quarter valued at approximately $106,000. Allspring Global Investments Holdings LLC raised its holdings in shares of SunCoke Energy by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,728 shares of the energy company’s stock valued at $319,000 after purchasing an additional 12,176 shares during the period. Squarepoint Ops LLC increased its holdings in shares of SunCoke Energy by 329.6% during the 4th quarter. Squarepoint Ops LLC now owns 61,229 shares of the energy company’s stock worth $655,000 after acquiring an additional 46,975 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SunCoke Energy by 15.5% during the 4th quarter. Northern Trust Corp now owns 933,091 shares of the energy company’s stock worth $9,984,000 after buying an additional 125,414 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of SunCoke Energy in the fourth quarter valued at approximately $469,000. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Stock Performance

SXC opened at $8.57 on Friday. The business’s fifty day moving average is $8.43 and its 200-day moving average is $9.11. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.39 and a current ratio of 2.40. The firm has a market cap of $725.03 million, a P/E ratio of 7.86 and a beta of 1.11.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. SunCoke Energy had a net margin of 4.95% and a return on equity of 13.40%. The business had revenue of $436.00 million during the quarter, compared to analyst estimates of $371.60 million. During the same quarter in the previous year, the business posted $0.23 EPS. SunCoke Energy’s quarterly revenue was down 10.7% on a year-over-year basis. Sell-side analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend was Friday, May 16th. SunCoke Energy’s dividend 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.