State Street Corp Buys 163,839 Shares of SunCoke Energy, Inc. (NYSE:SXC)

State Street Corp boosted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 3.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,848,334 shares of the energy company's stock after purchasing an additional 163,839 shares during the period. State Street Corp owned approximately 5.77% of SunCoke Energy worth $42,084,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in SunCoke Energy by 1.9% in the third quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company's stock valued at $950,000 after purchasing an additional 2,054 shares during the period. Federated Hermes Inc. raised its holdings in shares of SunCoke Energy by 0.3% during the 2nd quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company's stock worth $8,043,000 after acquiring an additional 2,335 shares during the period. nVerses Capital LLC boosted its position in shares of SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock valued at $46,000 after acquiring an additional 4,400 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of SunCoke Energy in the 2nd quarter valued at approximately $70,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in SunCoke Energy by 61.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,173 shares of the energy company's stock worth $198,000 after acquiring an additional 7,668 shares during the period. Hedge funds and other institutional investors own 90.45% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SXC shares. StockNews.com raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, October 16th. Benchmark reissued a "buy" rating and set a $13.00 price target on shares of SunCoke Energy in a research report on Tuesday, November 5th.

SunCoke Energy Price Performance

SXC stock traded down $0.05 during trading hours on Friday, hitting $10.94. 6,316,908 shares of the stock traded hands, compared to its average volume of 865,634. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $11.15 and a 200 day simple moving average of $9.93. SunCoke Energy, Inc. has a one year low of $7.47 and a one year high of $12.82. The company has a market cap of $919.97 million, a P/E ratio of 10.94 and a beta of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.14. The firm had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. Equities analysts forecast that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 4.39%. SunCoke Energy's dividend payout ratio (DPR) is presently 48.00%.

SunCoke Energy 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.