104,476 Shares in SunCoke Energy, Inc. $SXC Bought by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 104,476 SunCoke Energy shares during the second quarter, valued at approximately $841,000, giving it a 0.12% stake. Institutional investors and hedge funds collectively own 90.45% of the company.
• SunCoke Energy reported quarterly EPS of $0.15, exceeding the $0.08 analyst consensus, while revenue rose 9.5% year over year to $475.3 million.
• The company declared a quarterly dividend of $0.12, equivalent to $0.48 annually and a 4.7% yield. Analysts maintain a consensus “Reduce” rating with an average price target of $9.00, below the reported $10.30 share price.

Deutsche Bank AG bought a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 104,476 shares of the energy company's stock, valued at approximately $841,000. Deutsche Bank AG owned about 0.12% of SunCoke Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in SunCoke Energy during the second quarter valued at about $29,000. Bank of New York Mellon Corp acquired a new stake in shares of SunCoke Energy in the second quarter valued at about $2,558,000. State of Wyoming bought a new position in shares of SunCoke Energy in the second quarter worth about $301,000. Assenagon Asset Management S.A. bought a new position in shares of SunCoke Energy in the second quarter worth about $7,359,000. Finally, Bank of America Corp DE lifted its position in shares of SunCoke Energy by 21.0% during the 1st quarter. Bank of America Corp DE now owns 371,770 shares of the energy company's stock worth $2,420,000 after purchasing an additional 64,441 shares during the last quarter. Institutional investors and hedge funds own 90.45% of the company's stock.

Wall Street Analyst Weigh In

SXC has been the topic of several recent analyst reports. Weiss Ratings raised SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, June 11th. Wall Street Zen raised SunCoke Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SunCoke Energy has a consensus rating of "Reduce" and an average price target of $9.00.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $10.30 on Tuesday. SunCoke Energy, Inc. has a 1-year low of $5.51 and a 1-year high of $10.45. The firm has a market capitalization of $874.26 million, a PE ratio of -16.09 and a beta of 0.98. The business's 50 day moving average is $8.87 and its 200-day moving average is $7.80. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

SunCoke Energy (NYSE:SXC - Get Free Report) last issued its earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The business had revenue of $475.30 million during the quarter, compared to analyst estimates of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.SunCoke Energy's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. Sell-side analysts predict that SunCoke Energy, Inc. will post 0.32 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be paid a $0.12 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.7%. SunCoke Energy's dividend payout ratio is currently -75.00%.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.

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