State Street Corp Buys 163,839 Shares of SunCoke Energy, Inc. (NYSE:SXC)

State Street Corp grew its holdings in shares of SunCoke Energy, Inc. (NYSE:SXCFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,848,334 shares of the energy company’s stock after acquiring an additional 163,839 shares during the quarter. State Street Corp owned 5.77% of SunCoke Energy worth $42,084,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of SunCoke Energy in the third quarter worth $5,470,000. American Century Companies Inc. lifted its holdings in SunCoke Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock worth $24,620,000 after buying an additional 292,050 shares during the period. Pacer Advisors Inc. lifted its holdings in SunCoke Energy by 3.1% during the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock worth $46,141,000 after buying an additional 139,971 shares during the period. PDT Partners LLC grew its position in shares of SunCoke Energy by 101.6% in the 3rd quarter. PDT Partners LLC now owns 195,559 shares of the energy company’s stock valued at $1,697,000 after buying an additional 98,559 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of SunCoke Energy by 112.5% in the third quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock valued at $1,535,000 after buying an additional 93,644 shares during the period. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Price Performance

SunCoke Energy stock opened at $10.94 on Friday. The company has a market cap of $919.97 million, a price-to-earnings ratio of 10.94 and a beta of 1.07. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The business’s 50 day simple moving average is $11.10 and its 200 day simple moving average is $9.92. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82.

SunCoke Energy (NYSE:SXCGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $412.70 million. During the same period in the prior year, the company posted $0.08 EPS. SunCoke Energy’s revenue was down 5.8% compared to the same quarter last year. Sell-side analysts forecast that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.39%. 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 analysts recently commented on the company. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

Check Out Our Latest Stock Report on SunCoke Energy

About SunCoke Energy

(Free Report)

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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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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