Thrivent Financial for Lutherans Has $1.18 Million Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Thrivent Financial for Lutherans cut its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 30.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,650 shares of the energy company’s stock after selling 51,646 shares during the quarter. Thrivent Financial for Lutherans owned about 0.14% of SunCoke Energy worth $1,182,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SXC. Innealta Capital LLC acquired a new stake in SunCoke Energy in the second quarter worth $70,000. Retirement Investment Advisors Inc. acquired a new stake in SunCoke Energy in the second quarter worth $110,000. Beacon Bridge Wealth Partners LLC acquired a new stake in SunCoke Energy in the second quarter worth $111,000. Cornerstone Investment Partners LLC acquired a new stake in SunCoke Energy in the first quarter worth $174,000. Finally, ProShare Advisors LLC grew its holdings in SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock worth $190,000 after purchasing an additional 1,158 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Saturday.

SunCoke Energy Trading Down 0.6 %

NYSE:SXC opened at $8.43 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $708.75 million, a price-to-earnings ratio of 11.87 and a beta of 1.04. The firm has a fifty day simple moving average of $8.73 and a two-hundred day simple moving average of $9.83. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $11.85.

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

SunCoke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This is an increase from SunCoke Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 5.69%. SunCoke Energy’s dividend payout ratio is 67.61%.

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.