Texas Permanent School Fund Corp Raises Stock Position in SunCoke Energy, Inc. (NYSE:SXC)

Texas Permanent School Fund Corp raised its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 24.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,953 shares of the energy company’s stock after purchasing an additional 17,651 shares during the quarter. Texas Permanent School Fund Corp owned 0.11% of SunCoke Energy worth $891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its holdings in shares of SunCoke Energy by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after buying an additional 1,158 shares during the period. SummerHaven Investment Management LLC grew its holdings in SunCoke Energy by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock worth $907,000 after acquiring an additional 1,464 shares during the period. Public Employees Retirement System of Ohio raised its position in SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock valued at $1,123,000 after acquiring an additional 2,539 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in SunCoke Energy by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock valued at $707,000 after acquiring an additional 3,570 shares during the period. Finally, Victory Capital Management Inc. boosted its position in SunCoke Energy by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 107,414 shares of the energy company’s stock worth $1,053,000 after purchasing an additional 4,017 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of SunCoke Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th.

SunCoke Energy Trading Down 0.8 %

SXC stock opened at $8.17 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.74. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $11.85. The company’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $10.02. The firm has a market cap of $687.02 million, a P/E ratio of 11.51 and a beta of 1.04.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The firm had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue was down 11.9% on a year-over-year basis. As a group, equities analysts forecast that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.88%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s payout ratio is presently 67.61%.

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.