SunCoke Energy, Inc. $SXC Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in SunCoke Energy by 5.1%, now holding 840,398 shares valued at approximately $7.73 million after selling 44,868 shares.
• SunCoke Energy reported a quarterly earnings loss (EPS of $0.02), missing projections of $0.15 while achieving revenues of $434.1 million, exceeding expectations of $348.05 million.
• The company announced a quarterly dividend of $0.12, resulting in an annualized yield of 6.4%, with an ex-dividend date set for August 15th.

Invesco Ltd. lessened its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 840,398 shares of the energy company's stock after selling 44,868 shares during the period. Invesco Ltd. owned 0.99% of SunCoke Energy worth $7,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SXC. LSV Asset Management raised its holdings in shares of SunCoke Energy by 35.1% during the 1st quarter. LSV Asset Management now owns 2,994,312 shares of the energy company's stock worth $27,548,000 after acquiring an additional 777,807 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in SunCoke Energy by 73.2% in the 4th 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 SunCoke Energy by 67.1% in the 4th quarter. Jane Street Group LLC now owns 1,111,217 shares of the energy company's stock valued at $11,890,000 after buying an additional 446,163 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in SunCoke Energy in the 4th quarter valued at about $4,401,000. Finally, Deutsche Bank AG raised its holdings in SunCoke Energy by 64.8% in the 1st quarter. Deutsche Bank AG now owns 742,467 shares of the energy company's stock valued at $6,831,000 after buying an additional 291,870 shares during the period. Hedge funds and other institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Down 1.5%

Shares of SXC opened at $7.46 on Tuesday. The firm has a market cap of $631.64 million, a P/E ratio of 8.67 and a beta of 1.10. SunCoke Energy, Inc. has a 12-month low of $7.18 and a 12-month high of $12.82. The company's 50-day moving average price is $8.10 and its 200 day moving average price is $8.67. 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 (NYSE:SXC - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $434.10 million during 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 firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, August 15th. SunCoke Energy's payout ratio is 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.

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