Hsbc Holdings PLC Has $360,000 Position in SunCoke Energy, Inc. (NYSE:SXC)

Hsbc Holdings PLC reduced its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,951 shares of the energy company’s stock after selling 9,364 shares during the quarter. Hsbc Holdings PLC’s holdings in SunCoke Energy were worth $360,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in SunCoke Energy in the second quarter valued at approximately $70,000. Beacon Bridge Wealth Partners LLC acquired a new stake in SunCoke Energy in the second quarter valued at approximately $111,000. Cornerstone Investment Partners LLC acquired a new stake in SunCoke Energy in the first quarter valued at approximately $174,000. ProShare Advisors LLC lifted its stake in SunCoke Energy by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after acquiring an additional 1,158 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in SunCoke Energy in the first quarter valued at approximately $204,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 27th.

SunCoke Energy Price Performance

NYSE SXC opened at $8.59 on Thursday. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $11.85. The stock has a market capitalization of $722.33 million, a PE ratio of 12.10 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $9.87.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings results on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. SunCoke Energy had a net margin of 3.11% and a return on equity of 9.56%. The company had revenue of $470.90 million for the quarter, compared to analyst estimates of $410.35 million. During the same quarter last year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, equities analysts predict 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 given a $0.12 dividend. This is a positive change from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.59%. SunCoke Energy’s dividend payout ratio (DPR) is currently 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.