Northern Trust Corp Increases Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Northern Trust Corp boosted its stake in SunCoke Energy, Inc. (NYSE:SXC) by 15.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 933,091 shares of the energy company’s stock after buying an additional 125,414 shares during the period. Northern Trust Corp’s holdings in SunCoke Energy were worth $9,984,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SXC. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SunCoke Energy by 835.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company’s stock valued at $38,000 after purchasing an additional 3,242 shares in the last quarter. KBC Group NV raised its stake in SunCoke Energy by 61.1% during the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock valued at $65,000 after buying an additional 2,307 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in SunCoke Energy during the fourth quarter valued at $118,000. Navellier & Associates Inc. raised its stake in SunCoke Energy by 11.3% during the fourth quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock valued at $121,000 after buying an additional 1,152 shares during the last quarter. Finally, Quarry LP purchased a new position in SunCoke Energy during the fourth quarter valued at $125,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Stock Down 0.8%

Shares of NYSE:SXC opened at $8.77 on Friday. The stock has a fifty day simple moving average of $9.07 and a two-hundred day simple moving average of $10.15. The stock has a market capitalization of $741.97 million, a price-to-earnings ratio of 7.83 and a beta of 1.18. SunCoke Energy, Inc. has a 12-month low of $7.47 and a 12-month high of $12.82. 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 announced its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $371.60 million. SunCoke Energy had a return on equity of 14.31% and a net margin of 4.95%. The firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, research analysts anticipate that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Friday, May 16th. SunCoke Energy’s dividend payout ratio is currently 44.04%.

SunCoke Energy 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.