Intech Investment Management LLC Raises Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Intech Investment Management LLC raised its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 116.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,606 shares of the energy company’s stock after purchasing an additional 22,881 shares during the period. Intech Investment Management LLC owned about 0.05% of SunCoke Energy worth $370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after acquiring an additional 77,649 shares during the period. Pacer Advisors Inc. grew its position in shares of SunCoke Energy by 3.1% in the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after purchasing an additional 139,971 shares during the period. American Century Companies Inc. grew its position in shares of SunCoke Energy by 13.2% in the second quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after purchasing an additional 292,050 shares during the period. Federated Hermes Inc. increased its stake in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of SunCoke Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 462,035 shares of the energy company’s stock worth $4,010,000 after purchasing an additional 23,450 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Performance

NYSE:SXC opened at $12.61 on Wednesday. The company has a market cap of $1.06 billion, a P/E ratio of 12.64 and a beta of 1.07. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82. The company’s 50-day moving average price is $10.20 and its 200-day moving average price is $9.78. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

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

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Company Profile

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.