Alberta Investment Management Corp Buys 19,500 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Alberta Investment Management Corp lifted its stake in SunCoke Energy, Inc. (NYSE:SXC) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,700 shares of the energy company’s stock after purchasing an additional 19,500 shares during the quarter. Alberta Investment Management Corp owned 0.10% of SunCoke Energy worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in SunCoke Energy by 71.3% in the fourth quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after buying an additional 1,730 shares during the last quarter. KBC Group NV increased its position in shares of 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 acquiring an additional 2,307 shares in the last quarter. Optas LLC purchased a new position in SunCoke Energy in the 3rd quarter worth approximately $88,000. XTX Topco Ltd bought a new position in SunCoke Energy in the 3rd quarter valued at approximately $120,000. Finally, Point72 DIFC Ltd boosted its stake in SunCoke Energy by 798.2% during the 3rd quarter. Point72 DIFC Ltd now owns 14,766 shares of the energy company’s stock valued at $128,000 after purchasing an additional 13,122 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Performance

Shares of NYSE SXC opened at $9.19 on Friday. The firm’s 50-day moving average price is $10.20 and its 200-day moving average price is $9.91. SunCoke Energy, Inc. has a 52-week low of $7.47 and a 52-week high of $12.82. The company has a market cap of $772.37 million, a PE ratio of 8.20 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. As a group, analysts anticipate that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Friday, February 14th. SunCoke Energy’s payout ratio is currently 42.86%.

Analyst Ratings Changes

Separately, 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 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.