Empowered Funds LLC Raises Stake in SunCoke Energy, Inc. (NYSE:SXC)

Empowered Funds LLC raised its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 5.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,035 shares of the energy company’s stock after buying an additional 23,450 shares during the quarter. Empowered Funds LLC owned about 0.55% of SunCoke Energy worth $4,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC raised 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 worth $190,000 after buying an additional 1,158 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings 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 acquiring an additional 1,464 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of SunCoke Energy by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 109,468 shares of the energy company’s stock valued at $950,000 after acquiring an additional 2,054 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of SunCoke Energy by 0.3% during the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of SunCoke Energy by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock worth $1,123,000 after purchasing an additional 2,539 shares during the last quarter. 90.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SXC. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of SunCoke Energy in a research note on Tuesday, November 5th. StockNews.com upgraded shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

SunCoke Energy Stock Performance

Shares of NYSE SXC opened at $12.45 on Tuesday. The stock’s 50-day moving average is $9.29 and its 200 day moving average is $9.63. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 12.45 and a beta of 1.02. SunCoke Energy, Inc. has a 1-year low of $7.47 and a 1-year high of $12.81. 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 (NYSE:SXC) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. The business had revenue of $490.10 million for the quarter, compared to analysts’ expectations of $412.70 million. During the same period last year, the business earned $0.08 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that SunCoke Energy, Inc. will post 1.14 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 3.86%. SunCoke Energy’s payout ratio is 48.00%.

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.