SunCoke Energy (NYSE:SXC) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of SunCoke Energy (NYSE:SXC) from a buy rating to a hold rating in a report released on Friday.

SunCoke Energy Stock Performance

SunCoke Energy stock opened at $8.68 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.22 and a quick ratio of 1.19. SunCoke Energy has a one year low of $7.47 and a one year high of $11.85. The stock has a market capitalization of $729.90 million, a PE ratio of 12.23 and a beta of 1.04. The business’s fifty day moving average is $8.92 and its 200 day moving average is $9.89.

SunCoke Energy (NYSE:SXC) last released its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. SunCoke Energy had a return on equity of 9.56% and a net margin of 3.11%. The company had revenue of $470.90 million for the quarter, compared to analysts’ expectations of $410.35 million. During the same period last year, the firm posted $0.24 earnings per share. SunCoke Energy’s revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts predict that SunCoke Energy will post 0.94 EPS for the current year.

SunCoke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.53%. This is a boost from SunCoke Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, August 15th. SunCoke Energy’s dividend payout ratio (DPR) is presently 67.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SXC. BNP Paribas Financial Markets raised its stake in shares of SunCoke Energy by 130.5% in the first quarter. BNP Paribas Financial Markets now owns 114,779 shares of the energy company’s stock worth $1,294,000 after buying an additional 64,978 shares during the period. Vanguard Group Inc. raised its stake in shares of SunCoke Energy by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,843,301 shares of the energy company’s stock worth $77,124,000 after buying an additional 77,649 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of SunCoke Energy by 45.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,705 shares of the energy company’s stock worth $605,000 after buying an additional 16,869 shares during the period. CWA Asset Management Group LLC bought a new position in shares of SunCoke Energy in the fourth quarter worth about $554,000. Finally, Jennison Associates LLC raised its stake in shares of SunCoke Energy by 19.7% in the first quarter. Jennison Associates LLC now owns 115,571 shares of the energy company’s stock worth $1,302,000 after buying an additional 19,020 shares during the period. 90.45% of the stock is owned by hedge funds and other institutional investors.

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.