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Principal Financial Group Inc. Sells 44,842 Shares of SunCoke Energy, Inc. (NYSE:SXC)

SunCoke Energy logo with Oils/Energy background

Principal Financial Group Inc. lessened its stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,373 shares of the energy company's stock after selling 44,842 shares during the period. Principal Financial Group Inc. owned 0.47% of SunCoke Energy worth $3,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SXC. nVerses Capital LLC grew its stake in shares of SunCoke Energy by 488.9% in the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock valued at $46,000 after purchasing an additional 4,400 shares during the last quarter. Innealta Capital LLC acquired a new position in SunCoke Energy in the 2nd quarter valued at $70,000. Optas LLC purchased a new stake in shares of SunCoke Energy in the third quarter valued at about $88,000. Algert Global LLC purchased a new position in SunCoke Energy during the second quarter worth about $107,000. Finally, Retirement Investment Advisors Inc. acquired a new stake in SunCoke Energy in the second quarter valued at about $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 recent analyst reports. StockNews.com raised SunCoke Energy from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Benchmark reissued a "buy" rating and set a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 5th.

View Our Latest Stock Analysis on SunCoke Energy

SunCoke Energy Stock Up 0.8 %

NYSE SXC traded up $0.10 during mid-day trading on Friday, reaching $12.72. 596,617 shares of the company's stock traded hands, compared to its average volume of 843,106. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.82. The company has a fifty day simple moving average of $9.58 and a 200-day simple moving average of $9.69. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.72 and a beta of 1.02.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued 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. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The firm had revenue of $490.10 million during the quarter, compared to the consensus estimate of $412.70 million. During the same period in the prior year, the business earned $0.08 EPS. The firm's revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 3.77%. SunCoke Energy's dividend payout ratio (DPR) is 48.00%.

About SunCoke Energy

(Free Report)

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.

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Institutional Ownership by Quarter for SunCoke Energy (NYSE:SXC)

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