Optas LLC Makes New Investment in SunCoke Energy, Inc. (NYSE:SXC)

Optas LLC acquired a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,108 shares of the energy company’s stock, valued at approximately $88,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SXC. ProShare Advisors LLC lifted its stake in shares of SunCoke Energy by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 16,856 shares of the energy company’s stock valued at $190,000 after buying an additional 1,158 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of SunCoke Energy by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 92,532 shares of the energy company’s stock valued at $907,000 after acquiring an additional 1,464 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of SunCoke Energy by 0.3% in the second quarter. Federated Hermes Inc. now owns 820,731 shares of the energy company’s stock worth $8,043,000 after acquiring an additional 2,335 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of SunCoke Energy by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 99,682 shares of the energy company’s stock worth $1,123,000 after purchasing an additional 2,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in SunCoke Energy by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 62,728 shares of the energy company’s stock worth $707,000 after purchasing an additional 3,570 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Stock Down 4.8 %

Shares of SXC stock opened at $9.82 on Monday. The company’s fifty day simple moving average is $8.51 and its two-hundred day simple moving average is $9.51. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $11.85. The stock has a market cap of $825.76 million, a P/E ratio of 9.82 and a beta of 1.02. The company has a quick ratio of 1.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.71.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. The company had revenue of $490.10 million during the quarter, compared to analyst estimates of $412.70 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. Analysts predict that SunCoke Energy, Inc. will post 0.94 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, November 14th. SunCoke Energy’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.