JPMorgan Chase & Co. Acquires 191,235 Shares of SunCoke Energy, Inc. (NYSE:SXC)

JPMorgan Chase & Co. raised its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 28.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 852,051 shares of the energy company’s stock after acquiring an additional 191,235 shares during the period. JPMorgan Chase & Co. owned approximately 1.01% of SunCoke Energy worth $7,396,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of SunCoke Energy by 1.9% during the third quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company’s stock worth $950,000 after purchasing an additional 2,054 shares during the period. Federated Hermes Inc. grew its position in shares of SunCoke Energy by 0.3% during the 2nd quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after buying an additional 2,335 shares during the period. nVerses Capital LLC increased its stake in shares of SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company’s stock valued at $46,000 after acquiring an additional 4,400 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of SunCoke Energy by 11.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 44,430 shares of the energy company’s stock valued at $386,000 after acquiring an additional 4,649 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in SunCoke Energy by 61.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,173 shares of the energy company’s stock worth $198,000 after acquiring an additional 7,668 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company’s stock.

SunCoke Energy Price Performance

Shares of SXC opened at $10.09 on Wednesday. The stock has a 50 day simple moving average of $11.65 and a 200 day simple moving average of $10.02. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The firm has a market capitalization of $848.49 million, a PE ratio of 10.09 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 earnings per share for the quarter, beating 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 quarter in the prior year, the company earned $0.08 earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. Sell-side analysts predict that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Thursday, November 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

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

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.