175,081 Shares in SunCoke Energy, Inc. (NYSE:SXC) Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new stake in SunCoke Energy, Inc. (NYSE:SXC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 175,081 shares of the energy company’s stock, valued at approximately $1,873,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of SunCoke Energy by 71.3% in the 4th quarter. GAMMA Investing LLC now owns 4,156 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,730 shares during the period. KBC Group NV increased its position in SunCoke Energy by 61.1% in the fourth quarter. KBC Group NV now owns 6,082 shares of the energy company’s stock worth $65,000 after buying an additional 2,307 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of SunCoke Energy in the third quarter valued at $120,000. Navellier & Associates Inc. lifted its position in shares of SunCoke Energy by 11.3% during the 4th quarter. Navellier & Associates Inc. now owns 11,323 shares of the energy company’s stock valued at $121,000 after buying an additional 1,152 shares during the last quarter. Finally, Point72 DIFC Ltd grew its stake in shares of SunCoke Energy by 798.2% during the 3rd quarter. Point72 DIFC Ltd now owns 14,766 shares of the energy company’s stock worth $128,000 after acquiring an additional 13,122 shares during the period. 90.45% of the stock is owned by institutional investors.

SunCoke Energy Trading Up 3.1 %

Shares of SXC opened at $9.29 on Wednesday. The firm has a market cap of $783.29 million, a P/E ratio of 8.29 and a beta of 0.98. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. The business has a 50-day moving average of $9.75 and a 200 day moving average of $9.95.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.71 EPS for the current year.

SunCoke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 5.17%. SunCoke Energy’s dividend payout ratio is currently 42.86%.

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.