Barclays PLC Acquires 146,065 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Barclays PLC raised its stake in SunCoke Energy, Inc. (NYSE:SXC) by 257.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,890 shares of the energy company’s stock after acquiring an additional 146,065 shares during the period. Barclays PLC owned approximately 0.24% of SunCoke Energy worth $1,763,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SXC. State Street Corp raised its stake in SunCoke Energy by 3.5% during the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after purchasing an additional 163,839 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of SunCoke Energy by 3.1% during the second quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after buying an additional 139,971 shares during the last quarter. American Century Companies Inc. increased its stake in 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 worth $24,620,000 after purchasing an additional 292,050 shares during the period. Federated Hermes Inc. lifted its holdings in SunCoke Energy by 0.3% during the 2nd quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock valued at $8,043,000 after buying an additional 2,335 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of SunCoke Energy by 450.3% during the third quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock valued at $5,773,000 after acquiring an additional 544,194 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Trading Down 0.8 %

Shares of NYSE:SXC opened at $10.62 on Friday. The business has a 50-day moving average price of $11.31 and a 200-day moving average price of $9.95. The stock has a market cap of $893.06 million, a price-to-earnings ratio of 10.62 and a beta of 1.07. 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) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.22 by $0.14. The company 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 firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. Equities analysts predict that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 4.52%. SunCoke Energy’s dividend payout ratio is presently 48.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a research note 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.