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

Barclays PLC increased its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 257.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,890 shares of the energy company’s stock after buying an additional 146,065 shares during the quarter. Barclays PLC owned 0.24% of SunCoke Energy worth $1,763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SXC. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of SunCoke Energy during the third quarter worth about $5,470,000. Jane Street Group LLC increased its stake in SunCoke Energy by 450.3% during the 3rd quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock worth $5,773,000 after purchasing an additional 544,194 shares in the last quarter. American Century Companies Inc. raised 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. Weiss Asset Management LP bought a new position in SunCoke Energy in the third quarter valued at approximately $1,926,000. Finally, State Street Corp boosted its holdings in shares of SunCoke Energy by 3.5% in the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after buying an additional 163,839 shares during the period. 90.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th.

SunCoke Energy Trading Down 1.9 %

NYSE:SXC opened at $9.99 on Friday. The company has a market cap of $840.08 million, a P/E ratio of 9.99 and a beta of 1.08. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.82. The business has a 50 day moving average price of $11.66 and a two-hundred day moving average price of $10.02. 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 announced its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS 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 business had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s payout ratio is 48.00%.

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.