Principal Financial Group Inc. Lowers Position in SunCoke Energy, Inc. (NYSE:SXC)

Principal Financial Group Inc. trimmed its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,373 shares of the energy company’s stock after selling 44,842 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of SunCoke Energy worth $3,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SXC. nVerses Capital LLC lifted its holdings in shares of SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock worth $46,000 after acquiring an additional 4,400 shares during the last quarter. Optas LLC bought a new stake in SunCoke Energy during the third quarter worth about $88,000. Algert Global LLC purchased a new position in shares of SunCoke Energy in the 2nd quarter worth about $107,000. Retirement Investment Advisors Inc. bought a new position in shares of SunCoke Energy during the 2nd quarter valued at about $110,000. Finally, XTX Topco Ltd purchased a new position in shares of SunCoke Energy during the 3rd quarter valued at about $120,000. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Trading Down 1.7 %

NYSE SXC opened at $10.39 on Friday. The stock has a 50-day moving average of $11.56 and a 200-day moving average of $9.99. 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, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The firm has a market cap of $873.72 million, a PE ratio of 10.39 and a beta of 1.07.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, November 14th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Thursday, November 14th. SunCoke Energy’s payout ratio is 48.00%.

Analysts Set New Price Targets

A number of research analysts have commented on SXC shares. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of SunCoke Energy in a report on Tuesday, November 5th.

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.