Deutsche Bank AG Raises Stock Holdings in SunCoke Energy, Inc. $SXC

Key Points

• Deutsche Bank AG increased its stake in SunCoke Energy by 64.8%, owning approximately 742,467 shares valued at $6.83 million as of the latest filing.
• SunCoke Energy reported $0.02 earnings per share for the most recent quarter, falling short of the consensus estimate of $0.15, while revenue was $434.10 million, exceeding expectations.
• The company announced a quarterly dividend of $0.12 per share, yielding 6.4%, with an ex-dividend date on August 15th.

Deutsche Bank AG increased its position in SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 64.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 742,467 shares of the energy company's stock after buying an additional 291,870 shares during the quarter. Deutsche Bank AG owned 0.88% of SunCoke Energy worth $6,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in SunCoke Energy by 61.6% in 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 lifted its position in SunCoke Energy by 159.9% in the first quarter. CWM LLC now owns 5,522 shares of the energy company's stock valued at $51,000 after purchasing an additional 3,397 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in SunCoke Energy in the fourth quarter valued at approximately $57,000. Wealth Enhancement Advisory Services LLC bought a new stake in SunCoke Energy in the first quarter valued at approximately $106,000. Finally, Quarry LP bought a new stake in SunCoke Energy in the fourth quarter valued at approximately $125,000. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Trading Down 0.1%

SXC stock traded down $0.0050 during midday trading on Wednesday, hitting $7.5450. The company had a trading volume of 286,949 shares, compared to its average volume of 967,893. 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 52 week low of $7.18 and a 52 week high of $12.82. The stock has a market cap of $638.84 million, a price-to-earnings ratio of 8.75 and a beta of 1.10. The stock's 50 day moving average price is $8.16 and its 200 day moving average price is $8.73.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The energy company reported $0.02 earnings per share (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 business had revenue of $434.10 million for the quarter, compared to analysts' expectations of $348.05 million. During the same period last year, the firm posted $0.25 earnings per share. SunCoke Energy's quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities research analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.4%. SunCoke Energy's 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.