SunCoke Energy, Inc. (NYSE:SXC) Shares Purchased by Barclays PLC

Barclays PLC raised its position in SunCoke Energy, Inc. (NYSE:SXC) by 257.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 202,890 shares of the energy company’s stock after acquiring an additional 146,065 shares during the quarter. Barclays PLC’s holdings in SunCoke Energy were worth $1,763,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in SunCoke Energy during the 3rd quarter valued at about $5,470,000. Jane Street Group LLC increased its stake in SunCoke Energy by 450.3% during the third quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock worth $5,773,000 after acquiring an additional 544,194 shares during the last quarter. American Century Companies Inc. raised its holdings in SunCoke Energy by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 2,512,292 shares of the energy company’s stock valued at $24,620,000 after buying an additional 292,050 shares during the period. Weiss Asset Management LP purchased a new stake in shares of SunCoke Energy in the 3rd quarter valued at approximately $1,926,000. Finally, State Street Corp lifted its stake in SunCoke Energy by 3.5% during the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock worth $42,084,000 after purchasing an additional 163,839 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports 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 reaffirmed a “buy” rating and set a $13.00 price target on shares of SunCoke Energy in a report on Tuesday, November 5th.

SunCoke Energy Stock Down 0.8 %

SunCoke Energy stock opened at $10.62 on Friday. The stock has a 50-day simple moving average of $11.31 and a 200-day simple moving average of $9.95. The company has a market capitalization of $893.06 million, a P/E ratio of 10.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. 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) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.14. The company had revenue of $490.10 million for the quarter, compared to the consensus estimate of $412.70 million. SunCoke Energy had a net margin of 4.37% and a return on equity of 12.95%. SunCoke Energy’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. Equities research analysts expect that SunCoke Energy, Inc. will post 1.14 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were paid a $0.12 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.48 annualized dividend and a yield of 4.52%. SunCoke Energy’s dividend payout ratio is currently 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.