TCW Group Inc. Has $5.66 Million Position in SunCoke Energy, Inc. (NYSE:SXC)

TCW Group Inc. trimmed its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 652,427 shares of the energy company's stock after selling 227,700 shares during the period. TCW Group Inc. owned about 0.78% of SunCoke Energy worth $5,663,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its stake in shares of SunCoke Energy by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company's stock valued at $907,000 after purchasing an additional 1,464 shares during the period. Victory Capital Management Inc. raised its position in SunCoke Energy by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company's stock valued at $950,000 after buying an additional 2,054 shares during the last quarter. Federated Hermes Inc. lifted its stake in SunCoke Energy by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company's stock valued at $8,043,000 after acquiring an additional 2,335 shares in the last quarter. nVerses Capital LLC boosted its position in SunCoke Energy by 488.9% during the 3rd quarter. nVerses Capital LLC now owns 5,300 shares of the energy company's stock worth $46,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of SunCoke Energy during the 2nd quarter worth approximately $70,000. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Stock Performance

NYSE SXC traded down $0.22 during trading on Thursday, reaching $11.98. 535,670 shares of the company's stock were exchanged, compared to its average volume of 836,896. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.22 and a quick ratio of 1.27. The business has a 50 day moving average price of $10.80 and a 200-day moving average price of $9.89. The stock has a market capitalization of $1.01 billion, a P/E ratio of 11.98 and a beta of 1.07. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82.

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

SunCoke Energy Announces Dividend

The company also recently announced 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 of this dividend was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.01%. SunCoke Energy's dividend payout ratio (DPR) is currently 48.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SXC shares. StockNews.com raised shares of SunCoke Energy from a "hold" rating to a "buy" rating in a research 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 report on Tuesday, November 5th.

About SunCoke Energy

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.