Nuveen LLC Buys Shares of 237,900 SunCoke Energy, Inc. $SXC

Key Points

• Nuveen LLC has acquired a new position in SunCoke Energy, buying 237,900 shares valued at approximately $2.19 million, representing 0.28% of the company's stock.
• SunCoke Energy's recent earnings report showed a loss of $0.02 per share, missing expectations, with revenues of $434.1 million, down 7.8% year-over-year.
• The company announced a quarterly dividend of $0.12 per share, offering an annualized yield of 6.2% and a payout ratio of 55.81%.

Nuveen LLC acquired a new stake in SunCoke Energy, Inc. (NYSE:SXC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 237,900 shares of the energy company's stock, valued at approximately $2,189,000. Nuveen LLC owned 0.28% of SunCoke Energy at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. LSV Asset Management increased its holdings in SunCoke Energy by 35.1% during the 1st quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock valued at $27,548,000 after purchasing an additional 777,807 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of SunCoke Energy by 73.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,691 shares of the energy company's stock valued at $15,683,000 after buying an additional 619,532 shares during the period. Jane Street Group LLC raised its holdings in shares of SunCoke Energy by 67.1% during the fourth quarter. Jane Street Group LLC now owns 1,111,217 shares of the energy company's stock valued at $11,890,000 after acquiring an additional 446,163 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in SunCoke Energy in the fourth quarter worth $4,401,000. Finally, Deutsche Bank AG boosted its holdings in SunCoke Energy by 64.8% in the first quarter. Deutsche Bank AG now owns 742,467 shares of the energy company's stock valued at $6,831,000 after acquiring an additional 291,870 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

SunCoke Energy Trading Up 0.5%

NYSE SXC traded up $0.04 during trading on Thursday, hitting $7.60. The company had a trading volume of 808,260 shares, compared to its average volume of 1,084,867. The company's fifty day moving average is $8.02 and its 200-day moving average is $8.56. The company has a market cap of $643.07 million, a price-to-earnings ratio of 8.83 and a beta of 1.07. The company has a current ratio of 2.61, a quick ratio of 1.45 and a debt-to-equity ratio of 0.70. SunCoke Energy, Inc. has a one year low of $7.18 and a one year high of $12.82.

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

SunCoke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.3%. SunCoke Energy's payout ratio is currently 55.81%.

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.