Charles Schwab Investment Management Inc. Acquires 114,609 Shares of SunCoke Energy, Inc. $SXC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in SunCoke Energy by 11% during Q1, now holding approximately 1,154,699 shares valued at around $10.62 million.
• SunCoke Energy's stock recently achieved a 1.6% increase, opening at $7.5680, with a reported one-year range between $7.18 and $12.82.
• The company announced a $0.12 quarterly dividend with a yield of 6.3%, which will be paid to shareholders on September 2nd.

Charles Schwab Investment Management Inc. boosted its holdings in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 11.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,154,699 shares of the energy company's stock after buying an additional 114,609 shares during the period. Charles Schwab Investment Management Inc. owned 1.36% of SunCoke Energy worth $10,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of SunCoke Energy during the 1st quarter valued at about $106,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of SunCoke Energy by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,728 shares of the energy company's stock valued at $319,000 after purchasing an additional 12,176 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of SunCoke Energy by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 420,006 shares of the energy company's stock valued at $3,864,000 after purchasing an additional 12,160 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of SunCoke Energy by 329.6% during the 4th quarter. Squarepoint Ops LLC now owns 61,229 shares of the energy company's stock valued at $655,000 after purchasing an additional 46,975 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of SunCoke Energy by 15.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company's stock valued at $284,000 after purchasing an additional 4,092 shares during the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Price Performance

Shares of SXC traded up $0.14 during midday trading on Friday, hitting $7.73. 704,994 shares of the company traded hands, compared to its average volume of 1,182,985. The firm has a 50 day moving average of $8.04 and a 200-day moving average of $8.61. SunCoke Energy, Inc. has a 52 week low of $7.18 and a 52 week high of $12.82. The stock has a market cap of $654.08 million, a price-to-earnings ratio of 8.98 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 2.61.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The company had revenue of $434.10 million for the quarter, compared to the consensus estimate of $348.05 million. During the same period last year, the company earned $0.25 EPS. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.2%. SunCoke Energy's dividend payout ratio (DPR) is presently 55.81%.

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.