SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in SunCoke Energy, Inc. (NYSE:SXC) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 396,373 shares of the energy company’s stock after selling 44,842 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of SunCoke Energy worth $3,441,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in SunCoke Energy by 7.4% during the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after buying an additional 1,158 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of SunCoke Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock worth $907,000 after purchasing an additional 1,464 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of SunCoke Energy by 0.3% during the 2nd quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after acquiring an additional 2,335 shares during the period. Public Employees Retirement System of Ohio increased its stake in SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock worth $1,123,000 after acquiring an additional 2,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in SunCoke Energy by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock valued at $707,000 after buying an additional 3,570 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SXC shares. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Trading Up 0.9 %

SunCoke Energy stock opened at $12.68 on Friday. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.81. The company’s fifty day moving average price is $9.58 and its two-hundred day moving average price is $9.69. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The company had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. On average, analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.79%. SunCoke Energy’s payout ratio is 48.00%.

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.