Legal & General Group Plc trimmed its holdings in shares of SunCoke Energy Inc (NYSE:SXC) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,533 shares of the energy company’s stock after selling 7,104 shares during the quarter. Legal & General Group Plc owned approximately 0.27% of SunCoke Energy worth $845,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sunbelt Securities Inc. bought a new position in shares of SunCoke Energy in the fourth quarter worth approximately $3,772,000. PNC Financial Services Group Inc. boosted its position in shares of SunCoke Energy by 113.1% in the first quarter. PNC Financial Services Group Inc. now owns 9,011 shares of the energy company’s stock worth $35,000 after purchasing an additional 4,782 shares during the period. NumerixS Investment Technologies Inc boosted its position in shares of SunCoke Energy by 32.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 13,900 shares of the energy company’s stock worth $87,000 after purchasing an additional 3,400 shares during the period. Alberta Investment Management Corp bought a new position in shares of SunCoke Energy in the first quarter worth approximately $70,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of SunCoke Energy by 2,625.0% in the first quarter. Nisa Investment Advisors LLC now owns 21,800 shares of the energy company’s stock worth $84,000 after purchasing an additional 21,000 shares during the period. Institutional investors own 86.03% of the company’s stock.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of SunCoke Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 8th. Zacks Investment Research downgraded shares of SunCoke Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 28th. Finally, B. Riley lowered their target price on shares of SunCoke Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.25.
SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Friday, May 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). The business had revenue of $382.70 million for the quarter, compared to analysts’ expectations of $344.70 million. SunCoke Energy had a negative net margin of 9.88% and a positive return on equity of 3.06%. On average, equities research analysts anticipate that SunCoke Energy Inc will post 0.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 8.11%. The ex-dividend date was Wednesday, May 20th. SunCoke Energy’s dividend payout ratio is currently 82.76%.
SunCoke Energy Company Profile
SunCoke Energy, Inc operates as an independent producer of coke in the Americas. 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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