Ballentine Partners LLC Grows Stock Holdings in SunCoke Energy, Inc. (NYSE:SXC)

Ballentine Partners LLC boosted its stake in shares of SunCoke Energy, Inc. (NYSE:SXC) by 19.5% in the 4th quarter, Holdings Channel reports. The fund owned 19,041 shares of the energy company’s stock after buying an additional 3,102 shares during the period. Ballentine Partners LLC’s holdings in SunCoke Energy were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in SunCoke Energy by 3.5% in the 3rd quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after acquiring an additional 163,839 shares during the period. Geode Capital Management LLC raised its stake in SunCoke Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,984,605 shares of the energy company’s stock valued at $17,230,000 after purchasing an additional 40,801 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SunCoke Energy by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock worth $7,396,000 after buying an additional 191,235 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of SunCoke Energy by 450.3% in the third quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock worth $5,773,000 after buying an additional 544,194 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in SunCoke Energy in the 3rd quarter valued at about $5,470,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

SunCoke Energy Stock Down 0.5 %

NYSE:SXC opened at $10.20 on Friday. SunCoke Energy, Inc. has a 52 week low of $7.47 and a 52 week high of $12.82. The company has a quick ratio of 1.27, a current ratio of 2.22 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average is $11.29 and its two-hundred day moving average is $10.04. The stock has a market capitalization of $858.07 million, a price-to-earnings ratio of 10.20 and a beta of 1.08.

SunCoke Energy (NYSE:SXC) last announced its earnings results on Thursday, October 31st. The energy company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The company had revenue of $490.10 million during the quarter, compared to analysts’ expectations of $412.70 million. SunCoke Energy had a return on equity of 12.95% and a net margin of 4.37%. SunCoke Energy’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. Research analysts anticipate that SunCoke Energy, Inc. will post 1.14 EPS for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 4.70%. SunCoke Energy’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SXC shares. StockNews.com upgraded SunCoke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of SunCoke Energy in a report on Tuesday, November 5th.

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.