Allspring Global Investments Holdings LLC Lowers Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,552 shares of the energy company’s stock after selling 7,345 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in SunCoke Energy were worth $241,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Optas LLC bought a new stake in SunCoke Energy during the 3rd quarter valued at $88,000. Olympiad Research LP lifted its stake in shares of SunCoke Energy by 99.6% during the 3rd quarter. Olympiad Research LP now owns 45,318 shares of the energy company’s stock worth $393,000 after purchasing an additional 22,612 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in SunCoke Energy during the third quarter valued at about $497,000. Entropy Technologies LP purchased a new position in SunCoke Energy in the third quarter valued at about $178,000. Finally, GSA Capital Partners LLP raised its holdings in SunCoke Energy by 112.5% in the third quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock worth $1,535,000 after purchasing an additional 93,644 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Performance

Shares of SXC stock opened at $9.16 on Wednesday. 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 company has a market capitalization of $769.86 million, a P/E ratio of 8.17 and a beta of 1.06. The business’s 50 day moving average is $10.10 and its two-hundred day moving average is $9.93. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. Analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 5.24%. SunCoke Energy’s dividend payout ratio (DPR) is presently 42.86%.

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.