Charles Schwab Investment Management Inc. Has $10.62 Million Stock Holdings in 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 position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,154,699 shares of the energy company's stock after buying an additional 114,609 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.36% of SunCoke Energy worth $10,623,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SXC. Versant Capital Management Inc grew its holdings in shares of SunCoke Energy by 61.6% during the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock valued at $41,000 after purchasing an additional 1,683 shares during the last quarter. CWM LLC boosted its position in shares of SunCoke Energy by 159.9% during the first quarter. CWM LLC now owns 5,522 shares of the energy company's stock worth $51,000 after buying an additional 3,397 shares during the period. Virtus Fund Advisers LLC acquired a new position in shares of SunCoke Energy during the fourth quarter worth approximately $57,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of SunCoke Energy during the first quarter worth approximately $106,000. Finally, Quarry LP acquired a new position in shares of SunCoke Energy during the fourth quarter worth approximately $125,000. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Stock Performance

Shares of NYSE SXC traded up $0.14 during midday trading on Friday, hitting $7.73. 704,994 shares of the company's stock were exchanged, compared to its average volume of 1,182,985. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. The stock's 50 day moving average price is $8.04 and its 200-day moving average price is $8.62. The firm has a market cap of $654.08 million, a P/E ratio of 8.98 and a beta of 1.10. SunCoke Energy, Inc. has a twelve month low of $7.18 and a twelve month high of $12.82.

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

SunCoke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, August 15th. SunCoke Energy's dividend payout ratio is 55.81%.

About SunCoke Energy

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.