KLP Kapitalforvaltning AS Makes New Investment in SunCoke Energy, Inc. (NYSE:SXC)

KLP Kapitalforvaltning AS acquired a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,300 shares of the energy company’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of SunCoke Energy by 71.3% during the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,730 shares during the last quarter. KBC Group NV increased its stake in SunCoke Energy by 61.1% in the 4th quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after buying an additional 2,307 shares during the period. Tocqueville Asset Management L.P. purchased a new position in SunCoke Energy during the 4th quarter worth $118,000. Navellier & Associates Inc. lifted its stake in shares of SunCoke Energy by 11.3% in the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock worth $121,000 after acquiring an additional 1,152 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of SunCoke Energy in the 3rd quarter worth $120,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Trading Down 5.1 %

NYSE SXC opened at $8.28 on Friday. The stock has a market capitalization of $698.01 million, a P/E ratio of 7.39 and a beta of 0.90. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The firm has a 50-day moving average price of $9.34 and a 200 day moving average price of $10.05. 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 released its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. Equities research analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Friday, February 14th. SunCoke Energy’s payout ratio is 42.86%.

SunCoke Energy 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.