Maryland State Retirement & Pension System Cuts Holdings in SunCoke Energy, Inc. $SXC

Maryland State Retirement & Pension System reduced its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,615 shares of the energy company’s stock after selling 3,782 shares during the quarter. Maryland State Retirement & Pension System’s holdings in SunCoke Energy were worth $226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SXC. Wealth Enhancement Advisory Services LLC purchased a new position in SunCoke Energy during the first quarter worth approximately $106,000. Allspring Global Investments Holdings LLC lifted its position 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 in the last quarter. Principal Financial Group Inc. grew its stake in SunCoke Energy by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 420,006 shares of the energy company’s stock valued at $3,864,000 after acquiring an additional 12,160 shares during the period. Squarepoint Ops LLC grew its stake in SunCoke Energy by 329.6% in the 4th quarter. Squarepoint Ops LLC now owns 61,229 shares of the energy company’s stock valued at $655,000 after acquiring an additional 46,975 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in SunCoke Energy by 79.0% in the 1st quarter. Victory Capital Management Inc. now owns 190,784 shares of the energy company’s stock worth $1,755,000 after acquiring an additional 84,178 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

NYSE:SXC opened at $7.5650 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61. The stock has a market capitalization of $640.53 million, a PE ratio of 8.80 and a beta of 1.10. SunCoke Energy, Inc. has a fifty-two week low of $7.18 and a fifty-two week high of $12.82. The company has a fifty day moving average of $8.16 and a two-hundred day moving average of $8.73.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $434.10 million for the quarter, compared to analyst estimates of $348.05 million. SunCoke Energy had a return on equity of 10.43% and a net margin of 3.99%.The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is 55.81%.

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.