Bank of Montreal Can Has $1.73 Million Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Bank of Montreal Can increased its holdings in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 111.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,260 shares of the energy company's stock after buying an additional 92,827 shares during the quarter. Bank of Montreal Can owned about 0.21% of SunCoke Energy worth $1,729,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of SunCoke Energy during the 2nd quarter worth about $70,000. Retirement Investment Advisors Inc. bought a new stake in SunCoke Energy during the second quarter worth approximately $110,000. Beacon Bridge Wealth Partners LLC bought a new stake in SunCoke Energy during the second quarter worth approximately $111,000. Cornerstone Investment Partners LLC acquired a new stake in SunCoke Energy in the first quarter worth approximately $174,000. Finally, ProShare Advisors LLC boosted its stake in SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company's stock valued at $190,000 after purchasing an additional 1,158 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Price Performance

NYSE SXC traded down $0.05 on Friday, reaching $8.43. The company's stock had a trading volume of 433,468 shares, compared to its average volume of 1,742,853. SunCoke Energy, Inc. has a twelve month low of $7.47 and a twelve month high of $11.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.19 and a current ratio of 2.22. The firm's 50 day moving average is $8.73 and its two-hundred day moving average is $9.84. The stock has a market cap of $708.75 million, a PE ratio of 11.87 and a beta of 1.04.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. The business had revenue of $470.90 million for the quarter, compared to the consensus estimate of $410.35 million. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The business's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that SunCoke Energy, Inc. will post 0.94 EPS for the current 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 given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.69%. 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. SunCoke Energy's dividend payout ratio is 67.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Saturday.

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.