Millennium Management LLC Lowers Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Millennium Management LLC reduced its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 838,905 shares of the energy company's stock after selling 875,913 shares during the period. Millennium Management LLC owned about 1.00% of SunCoke Energy worth $8,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in SunCoke Energy by 835.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,630 shares of the energy company's stock worth $38,000 after acquiring an additional 3,242 shares during the period. KBC Group NV increased its stake 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 worth $65,000 after purchasing an additional 2,307 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of SunCoke Energy during the 4th quarter worth about $118,000. Navellier & Associates Inc. lifted its stake in SunCoke Energy by 11.3% in the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company's stock valued at $121,000 after buying an additional 1,152 shares in the last quarter. Finally, Quarry LP purchased a new position in SunCoke Energy in the 4th quarter valued at about $125,000. 90.45% of the stock is owned by hedge funds and other institutional investors.

SunCoke Energy Price Performance

Shares of NYSE SXC traded down $0.16 during midday trading on Friday, hitting $8.11. The stock had a trading volume of 121,204 shares, compared to its average volume of 914,747. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $8.94 and a 200-day simple moving average of $9.98. The company has a market capitalization of $686.10 million, a PE ratio of 7.24 and a beta of 1.18. SunCoke Energy, Inc. has a 1 year low of $7.47 and a 1 year high of $12.82.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $371.60 million. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. The company's revenue for the quarter was down 10.7% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. On average, sell-side analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 5.92%. SunCoke Energy's dividend payout ratio is presently 44.04%.

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.