SunCoke Energy, Inc. (NYSE:SXC) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its holdings in SunCoke Energy, Inc. (NYSE:SXC) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,735 shares of the energy company’s stock after acquiring an additional 6,700 shares during the period. New York State Teachers Retirement System owned 0.06% of SunCoke Energy worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SXC. Pacer Advisors Inc. lifted its holdings in shares of SunCoke Energy by 92.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,241,721 shares of the energy company’s stock worth $45,556,000 after acquiring an additional 2,033,058 shares during the period. Invesco Ltd. increased its position in SunCoke Energy by 54.5% during the 1st quarter. Invesco Ltd. now owns 2,769,376 shares of the energy company’s stock worth $24,675,000 after purchasing an additional 976,760 shares in the last quarter. Millennium Management LLC increased its position in SunCoke Energy by 636.5% during the 4th quarter. Millennium Management LLC now owns 1,046,047 shares of the energy company’s stock worth $9,027,000 after purchasing an additional 904,016 shares in the last quarter. State Street Corp increased its position in SunCoke Energy by 15.9% during the 1st quarter. State Street Corp now owns 5,722,569 shares of the energy company’s stock worth $51,389,000 after purchasing an additional 784,258 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in SunCoke Energy by 265.7% during the 1st quarter. Federated Hermes Inc. now owns 766,552 shares of the energy company’s stock worth $6,831,000 after purchasing an additional 556,928 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SunCoke Energy

In other news, CEO Michael G. Rippey sold 122,533 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the completion of the sale, the chief executive officer now owns 521,073 shares of the company’s stock, valued at $5,789,121.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael G. Rippey sold 78,714 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $11.06, for a total transaction of $870,576.84. Following the transaction, the chief executive officer now directly owns 342,359 shares in the company, valued at $3,786,490.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael G. Rippey sold 122,533 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $11.11, for a total value of $1,361,341.63. Following the transaction, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 251,572 shares of company stock valued at $2,781,834. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th.

SunCoke Energy Stock Down 0.9 %

Shares of NYSE:SXC opened at $10.65 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76. SunCoke Energy, Inc. has a 52-week low of $6.71 and a 52-week high of $11.48. The company has a 50 day moving average of $10.94 and a two-hundred day moving average of $10.25. The company has a market capitalization of $894.93 million, a price-to-earnings ratio of 15.89 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The company had revenue of $520.60 million during the quarter, compared to the consensus estimate of $406.40 million. During the same quarter last year, the company earned $0.14 earnings per share. SunCoke Energy’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts forecast that SunCoke Energy, Inc. will post 0.86 earnings per share for the current fiscal year.

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Wednesday, February 14th. SunCoke Energy’s payout ratio is currently 41.79%.

SunCoke Energy 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.