Legal & General Group Plc Acquires Shares of 55,619 SunCoke Energy, Inc. $SXC

Legal & General Group Plc acquired a new stake in shares of SunCoke Energy, Inc. (NYSE:SXC) in the second quarter, HoldingsChannel reports. The firm acquired 55,619 shares of the energy company’s stock, valued at approximately $448,000.

Several other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company’s stock valued at $26,000 after buying an additional 2,528 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in SunCoke Energy in the 2nd quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its stake in SunCoke Energy by 176.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company’s stock worth $48,000 after acquiring an additional 3,582 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of SunCoke Energy during the 2nd quarter worth approximately $49,000. Finally, Royal Bank of Canada raised its holdings in shares of SunCoke Energy by 20.3% during the 1st quarter. Royal Bank of Canada now owns 8,437 shares of the energy company’s stock worth $55,000 after acquiring an additional 1,422 shares in the last quarter. 90.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SXC. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wall Street Zen raised shares of SunCoke Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SunCoke Energy presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Trading Down 1.3%

SXC opened at $10.20 on Wednesday. The firm has a market cap of $865.35 million, a P/E ratio of -15.93 and a beta of 1.02. SunCoke Energy, Inc. has a 12 month low of $5.51 and a 12 month high of $10.68. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $9.11 and a 200 day moving average of $7.91.

SunCoke Energy (NYSE:SXC) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business had revenue of $475.30 million for the quarter, compared to the consensus estimate of $445.20 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts forecast that SunCoke Energy, Inc. will post 0.32 EPS for the current year.

SunCoke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 4.7%. SunCoke Energy’s payout ratio is currently -75.00%.

About SunCoke Energy

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.