Bank of Montreal Can Buys 92,827 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Bank of Montreal Can grew its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 111.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 176,260 shares of the energy company’s stock after acquiring an additional 92,827 shares during the period. Bank of Montreal Can’s holdings in SunCoke Energy were worth $1,729,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in SunCoke Energy by 130.5% during the 1st quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock valued at $1,294,000 after purchasing an additional 64,978 shares in the last quarter. Vanguard Group Inc. lifted its position in SunCoke Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock valued at $77,124,000 after acquiring an additional 77,649 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in SunCoke Energy by 45.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock valued at $605,000 after acquiring an additional 16,869 shares in the last quarter. Jennison Associates LLC lifted its position in SunCoke Energy by 19.7% in the 1st quarter. Jennison Associates LLC now owns 115,571 shares of the energy company’s stock valued at $1,302,000 after acquiring an additional 19,020 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in SunCoke Energy by 3.1% in the 2nd quarter. Pacer Advisors Inc. now owns 4,708,272 shares of the energy company’s stock valued at $46,141,000 after acquiring an additional 139,971 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised SunCoke Energy from a “hold” rating to a “buy” rating in a research report on Saturday.

SunCoke Energy Stock Performance

SXC stock opened at $8.43 on Friday. The stock has a market capitalization of $708.88 million, a PE ratio of 11.87 and a beta of 1.04. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $11.85. The company has a current ratio of 2.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $9.85.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. The firm had revenue of $470.90 million for the quarter, compared to analysts’ expectations of $410.35 million. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company’s revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.94 earnings per share for the current fiscal year.

SunCoke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.69%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 15th. SunCoke Energy’s dividend payout ratio is presently 67.61%.

SunCoke Energy Company 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.