SG Americas Securities LLC Buys New Position in SunCoke Energy, Inc. (NYSE:SXC)

SG Americas Securities LLC bought a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 76,822 shares of the energy company's stock, valued at approximately $667,000. SG Americas Securities LLC owned about 0.09% of SunCoke Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in SunCoke Energy in the 2nd quarter valued at approximately $70,000. Algert Global LLC bought a new stake in SunCoke Energy during the second quarter valued at about $107,000. Retirement Investment Advisors Inc. purchased a new stake in SunCoke Energy in the 2nd quarter worth approximately $110,000. Beacon Bridge Wealth Partners LLC bought a new stake in shares of SunCoke Energy during the 2nd quarter valued at $111,000. Finally, ProShare Advisors LLC lifted its position in shares of SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company's stock valued at $190,000 after acquiring an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Saturday, October 5th.

SunCoke Energy Price Performance

Shares of SunCoke Energy stock traded up $0.10 during trading hours on Monday, reaching $8.77. The company's stock had a trading volume of 493,788 shares, compared to its average volume of 847,015. The stock has a market cap of $737.47 million, a P/E ratio of 12.18 and a beta of 1.04. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $11.85. The firm has a 50 day moving average price of $8.50 and a 200-day moving average price of $9.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $470.90 million during the quarter, compared to analyst estimates of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, analysts predict that SunCoke Energy, Inc. will post 0.94 EPS for the current year.

SunCoke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.12 dividend. This is an increase from SunCoke Energy's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Thursday, August 15th. SunCoke Energy's payout ratio is presently 66.67%.

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.