SunCoke Energy, Inc. $SXC Stake Increased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC raised its stake in SunCoke Energy by 54.8% during Q1, owning 306,961 shares valued at approximately $2.82 million.
• SunCoke Energy reported a net margin of 3.99% with a quarterly revenue of $434.1 million, surpassing estimates of $348.05 million.
• The company declared a quarterly dividend of $0.12 per share, reflecting a 6.3% annual dividend yield, with a payout ratio of 55.81%.

Brandywine Global Investment Management LLC raised its holdings in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 54.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,961 shares of the energy company's stock after purchasing an additional 108,700 shares during the period. Brandywine Global Investment Management LLC owned about 0.36% of SunCoke Energy worth $2,824,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake 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 valued at $41,000 after purchasing an additional 1,683 shares during the last quarter. CWM LLC increased its stake in SunCoke Energy by 159.9% during 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 during the fourth quarter valued at $57,000. Aigen Investment Management LP bought a new stake in SunCoke Energy during the first quarter valued at $98,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in SunCoke Energy during the first quarter valued at $106,000. Institutional investors own 90.45% of the company's stock.

SunCoke Energy Stock Up 0.5%

SXC stock opened at $7.58 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.61 and a quick ratio of 1.45. SunCoke Energy, Inc. has a 1-year low of $7.18 and a 1-year high of $12.82. The firm has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $8.74. The firm has a market cap of $641.77 million, a price-to-earnings ratio of 8.81 and a beta of 1.10.

SunCoke Energy (NYSE:SXC - Get Free Report) last released 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). 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 the consensus estimate of $348.05 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. Research analysts predict that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.3%. 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.

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