State Board of Administration of Florida Retirement System reduced its position in shares of SunCoke Energy, Inc. (NYSE:SXC – Free Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,546 shares of the energy company’s stock after selling 18,906 shares during the period. State Board of Administration of Florida Retirement System owned about 0.27% of SunCoke Energy worth $2,043,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in SXC. SG Americas Securities LLC boosted its position in SunCoke Energy by 555.5% in the 1st quarter. SG Americas Securities LLC now owns 155,330 shares of the energy company’s stock valued at $1,395,000 after buying an additional 131,634 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in SunCoke Energy by 80.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 218,708 shares of the energy company’s stock valued at $1,887,000 after purchasing an additional 97,245 shares during the last quarter. American Century Companies Inc. boosted its holdings in SunCoke Energy by 20.5% in the first quarter. American Century Companies Inc. now owns 1,293,405 shares of the energy company’s stock valued at $11,615,000 after purchasing an additional 220,002 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in SunCoke Energy by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 117,652 shares of the energy company’s stock valued at $1,057,000 after purchasing an additional 1,900 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in SunCoke Energy by 3.5% during the 4th quarter. First Trust Advisors LP now owns 227,254 shares of the energy company’s stock worth $1,962,000 after purchasing an additional 7,710 shares during the last quarter. 86.96% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, SVP Phillip Michael Hardesty sold 16,531 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $9.27, for a total value of $153,242.37. Following the completion of the sale, the senior vice president now owns 182,502 shares of the company’s stock, valued at $1,691,793.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on SunCoke Energy
SunCoke Energy Stock Up 0.7 %
SXC stock opened at $9.64 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.82. SunCoke Energy, Inc. has a 1-year low of $5.72 and a 1-year high of $10.43. The firm has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $8.43. The firm has a market cap of $807.41 million, a price-to-earnings ratio of 9.09 and a beta of 1.29.
SunCoke Energy (NYSE:SXC – Get Free Report) last posted its earnings results on Tuesday, August 1st. The energy company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. SunCoke Energy had a return on equity of 14.35% and a net margin of 4.38%. The company had revenue of $534.40 million during the quarter, compared to analyst estimates of $371.60 million. Research analysts predict that SunCoke Energy, Inc. will post 0.78 EPS for the current year.
SunCoke Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were paid a $0.10 dividend. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 4.15%. SunCoke Energy’s dividend payout ratio is presently 37.74%.
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.
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