Freedom Investment Management Inc. Raises Stake in SunCoke Energy, Inc. $SXC

Freedom Investment Management Inc. raised its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 43.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 21,028 shares of the energy company’s stock after purchasing an additional 6,406 shares during the period. Freedom Investment Management Inc.’s holdings in SunCoke Energy were worth $193,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SXC. Wells Fargo & Company MN lifted its holdings in SunCoke Energy by 15.3% during the fourth quarter. Wells Fargo & Company MN now owns 55,152 shares of the energy company’s stock valued at $590,000 after purchasing an additional 7,338 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SunCoke Energy by 105.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 76,250 shares of the energy company’s stock valued at $816,000 after purchasing an additional 39,194 shares in the last quarter. Barclays PLC lifted its holdings in SunCoke Energy by 6.9% during the fourth quarter. Barclays PLC now owns 216,894 shares of the energy company’s stock valued at $2,321,000 after purchasing an additional 14,004 shares in the last quarter. Mariner LLC lifted its holdings in SunCoke Energy by 43.0% during the fourth quarter. Mariner LLC now owns 21,814 shares of the energy company’s stock valued at $233,000 after purchasing an additional 6,555 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in SunCoke Energy by 65.9% during the fourth quarter. First Trust Advisors LP now owns 48,423 shares of the energy company’s stock valued at $518,000 after purchasing an additional 19,234 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Price Performance

Shares of NYSE:SXC opened at $7.61 on Friday. 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 company has a market capitalization of $643.92 million, a P/E ratio of 8.84 and a beta of 1.10. The firm’s 50 day simple moving average is $8.05 and its two-hundred day simple moving average is $8.63.

SunCoke Energy (NYSE:SXC) last issued its quarterly 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 firm 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%. SunCoke Energy’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. Research analysts expect that SunCoke Energy, Inc. will post 0.71 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.3%. SunCoke Energy’s dividend payout ratio (DPR) 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.