Public Sector Pension Investment Board Has $3.40 Million Stock Position in SunCoke Energy, Inc. $SXC

Key Points

• The Public Sector Pension Investment Board increased its stake in SunCoke Energy by 76.5% during the first quarter, owning a total of 369,636 shares valued at approximately $3.4 million.
• SunCoke Energy reported a net income decrease with earnings per share of $0.02 for the latest quarter, which was below the consensus estimate of $0.15, alongside a revenue drop of 7.8% year-over-year.
• The company announced a quarterly dividend of $0.12 per share, indicating a dividend yield of 6.3% and a payout ratio of 55.81%.

Public Sector Pension Investment Board increased its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 76.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,636 shares of the energy company's stock after purchasing an additional 160,174 shares during the period. Public Sector Pension Investment Board owned approximately 0.44% of SunCoke Energy worth $3,401,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of 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 lifted 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 in the last quarter. Principal Financial Group Inc. lifted its stake in SunCoke Energy by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 420,006 shares of the energy company's stock valued at $3,864,000 after acquiring an additional 12,160 shares in the last quarter. Squarepoint Ops LLC lifted its stake in SunCoke Energy by 329.6% in the 4th quarter. Squarepoint Ops LLC now owns 61,229 shares of the energy company's stock valued at $655,000 after acquiring an additional 46,975 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in SunCoke Energy by 15.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 30,822 shares of the energy company's stock valued at $284,000 after acquiring an additional 4,092 shares in the last quarter. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Up 1.6%

NYSE SXC traded up $0.1180 during trading on Friday, hitting $7.5680. The stock had a trading volume of 1,390,615 shares, compared to its average volume of 1,226,820. The company has a market capitalization of $640.78 million, a PE ratio of 8.80 and a beta of 1.10. The company's 50-day moving average price is $8.11 and its two-hundred day moving average price is $8.69. 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, Inc. has a 12 month low of $7.18 and a 12 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 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The firm had revenue of $434.10 million during the quarter, compared to the consensus estimate of $348.05 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The company's revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. As a group, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Announces Dividend

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 paid a $0.12 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 6.3%. SunCoke Energy's payout ratio is presently 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.