SunCoke Energy, Inc. $SXC Holdings Raised by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 298.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 438,262 shares of the energy company’s stock after acquiring an additional 328,208 shares during the period. Intech Investment Management LLC’s holdings in SunCoke Energy were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SXC. Invesco Ltd. raised its stake in shares of SunCoke Energy by 72.0% during the second quarter. Invesco Ltd. now owns 1,445,764 shares of the energy company’s stock valued at $12,419,000 after purchasing an additional 605,366 shares in the last quarter. Bank of America Corp DE raised its position in SunCoke Energy by 90.6% in the second quarter. Bank of America Corp DE now owns 774,212 shares of the energy company’s stock worth $6,650,000 after acquiring an additional 368,065 shares in the last quarter. American Century Companies Inc. raised its position in SunCoke Energy by 7.2% in the third quarter. American Century Companies Inc. now owns 3,868,796 shares of the energy company’s stock worth $31,569,000 after acquiring an additional 259,727 shares in the last quarter. Man Group plc bought a new stake in SunCoke Energy in the third quarter worth about $1,617,000. Finally, AQR Capital Management LLC raised its position in SunCoke Energy by 53.7% in the second quarter. AQR Capital Management LLC now owns 563,450 shares of the energy company’s stock worth $4,840,000 after acquiring an additional 196,913 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Trading Up 4.3%

Shares of SXC opened at $9.40 on Tuesday. The business’s 50-day moving average price is $7.10 and its 200 day moving average price is $7.08. The stock has a market capitalization of $797.19 million, a P/E ratio of -12.20 and a beta of 0.86. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $9.42. The company has a current ratio of 2.23, a quick ratio of 1.31 and a debt-to-equity ratio of 1.09.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The company had revenue of $455.10 million during the quarter, compared to analysts’ expectations of $416.15 million. SunCoke Energy had a positive return on equity of 4.47% and a negative net margin of 3.55%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. Analysts expect that SunCoke Energy, Inc. will post 0.2 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, May 15th. SunCoke Energy’s payout ratio is -62.34%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings cut shares of SunCoke Energy from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, March 3rd. B. Riley Financial dropped their price target on shares of SunCoke Energy from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $9.00.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.