Thrivent Financial for Lutherans Sells 54,614 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Thrivent Financial for Lutherans decreased its stake in SunCoke Energy, Inc. (NYSE:SXC) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,036 shares of the energy company’s stock after selling 54,614 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of SunCoke Energy worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in SunCoke Energy by 3.1% in the 2nd 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 last quarter. American Century Companies Inc. increased its position in SunCoke Energy by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after acquiring an additional 292,050 shares during the period. Federated Hermes Inc. increased its position in SunCoke Energy by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock valued at $8,043,000 after acquiring an additional 2,335 shares during the period. Empowered Funds LLC increased its position in SunCoke Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 462,035 shares of the energy company’s stock valued at $4,010,000 after acquiring an additional 23,450 shares during the period. Finally, Public Sector Pension Investment Board increased its position in SunCoke Energy by 6.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 184,991 shares of the energy company’s stock valued at $1,813,000 after acquiring an additional 11,184 shares during the period. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Trading Down 0.9 %

SXC opened at $12.49 on Thursday. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month 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. The company has a fifty day moving average of $10.28 and a 200-day moving average of $9.80. The stock has a market cap of $1.05 billion, a PE ratio of 12.42 and a beta of 1.07.

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

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Thursday, November 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of 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.

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.