SunCoke Energy, Inc. (NYSE:SXC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 23.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,204,780 shares of the energy company's stock after selling 363,122 shares during the period. Charles Schwab Investment Management Inc. owned about 1.43% of SunCoke Energy worth $10,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its holdings in SunCoke Energy by 488.9% during the third quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after buying an additional 4,400 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $70,000. Optas LLC acquired a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $88,000. Algert Global LLC purchased a new position in SunCoke Energy in the 2nd quarter valued at approximately $107,000. Finally, Retirement Investment Advisors Inc. acquired a new position in SunCoke Energy during the second quarter worth $110,000. Institutional investors and hedge funds own 90.45% of the company's stock.

Wall Street Analysts Forecast Growth

SXC has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and issued a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 16th.

SunCoke Energy Price Performance

SunCoke Energy stock remained flat at $12.22 during mid-day trading on Tuesday. The company's stock had a trading volume of 288,705 shares, compared to its average volume of 832,570. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The firm has a market cap of $1.03 billion, a P/E ratio of 12.22 and a beta of 1.07. The firm has a 50-day moving average price of $10.59 and a 200 day moving average price of $9.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its earnings results 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 firm had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 EPS. Equities research analysts predict that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.12 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.93%. SunCoke Energy's 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.