SunCoke Energy, Inc. $SXC Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in SunCoke Energy by 2.5%, now owning approximately 7,169,240 shares valued at $65,957,000.
• Shares of SunCoke Energy fell 1.0% to $7.40, with a twelve-month low of $7.18 and a high of $12.82.
• SunCoke Energy declared a quarterly dividend of $0.12, representing an annualized yield of 6.5% and a payout ratio of 55.81%.

Vanguard Group Inc. boosted its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,169,240 shares of the energy company's stock after buying an additional 176,220 shares during the quarter. Vanguard Group Inc. owned 8.47% of SunCoke Energy worth $65,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SXC. Versant Capital Management Inc raised its holdings in SunCoke Energy by 61.6% during the first quarter. Versant Capital Management Inc now owns 4,416 shares of the energy company's stock worth $41,000 after purchasing an additional 1,683 shares in the last quarter. CWM LLC raised its stake 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 purchasing an additional 3,397 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of SunCoke Energy during the fourth quarter worth $57,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SunCoke Energy during the first quarter worth $106,000. Finally, Quarry LP acquired a new stake in shares of SunCoke Energy during the fourth quarter worth $125,000. Institutional investors and hedge funds own 90.45% of the company's stock.

SunCoke Energy Price Performance

SXC stock traded up $0.14 on Friday, reaching $7.73. 704,994 shares of the company's stock were exchanged, compared to its average volume of 1,182,985. The stock has a fifty day moving average of $8.04 and a 200-day moving average of $8.62. The firm has a market cap of $654.08 million, a PE 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. The company has a quick ratio of 1.45, a current ratio of 2.61 and a debt-to-equity ratio of 0.70.

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 for the quarter, missing the consensus estimate of $0.15 by ($0.13). The business had revenue of $434.10 million for the quarter, compared to analysts' expectations of $348.05 million. SunCoke Energy had a net margin of 3.99% and a return on equity of 10.43%. The business's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. As a group, equities analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

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