SunCoke Energy, Inc. (NYSE:SXC) Stake Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in SunCoke Energy, Inc. (NYSE:SXC) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,988 shares of the energy company’s stock after selling 1,374 shares during the period. State of Alaska Department of Revenue owned 0.06% of SunCoke Energy worth $416,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased 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 worth $190,000 after acquiring an additional 1,158 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of SunCoke Energy by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock valued at $907,000 after purchasing an additional 1,464 shares during the period. Federated Hermes Inc. raised its holdings in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock valued at $8,043,000 after buying an additional 2,335 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 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 buying an additional 2,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of SunCoke Energy by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock worth $707,000 after buying an additional 3,570 shares during the period. 90.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of SunCoke Energy in a research note on Tuesday.

SunCoke Energy Trading Up 1.7 %

Shares of NYSE:SXC opened at $12.54 on Friday. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $12.55. 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 firm has a market cap of $1.05 billion, a P/E ratio of 12.54 and a beta of 1.02. The company has a 50 day moving average of $8.80 and a 200-day moving average of $9.55.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings data 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. The business had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.83%. SunCoke Energy’s dividend payout ratio is currently 48.00%.

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.