Mutual of America Capital Management LLC lessened its stake in SunCoke Energy, Inc. (NYSE:SXC – Free Report) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,648 shares of the energy company’s stock after selling 1,171 shares during the period. Mutual of America Capital Management LLC’s holdings in SunCoke Energy were worth $110,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in SunCoke Energy by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after buying an additional 77,649 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of SunCoke Energy by 10.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 78,993 shares of the energy company’s stock worth $889,000 after purchasing an additional 7,496 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in SunCoke Energy by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock valued at $707,000 after purchasing an additional 3,570 shares during the period. Public Employees Retirement System of Ohio increased its holdings in SunCoke Energy by 2.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after purchasing an additional 2,539 shares during the period. Finally, SummerHaven Investment Management LLC raised its position in SunCoke Energy by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock valued at $907,000 after purchasing an additional 1,464 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 5th.
SunCoke Energy Trading Down 0.1 %
NYSE:SXC opened at $12.47 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 12.48 and a beta of 1.02. The company’s 50 day moving average price is $10.02 and its 200-day moving average price is $9.76. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.
SunCoke Energy (NYSE:SXC – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.22 by $0.14. The company had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. SunCoke Energy’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities research analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current fiscal year.
SunCoke Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued 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 3.85%. SunCoke Energy’s dividend payout ratio is currently 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.
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