Teacher Retirement System of Texas boosted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 9.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,311,653 shares of the energy company’s stock after purchasing an additional 111,768 shares during the period. Teacher Retirement System of Texas’ holdings in SunCoke Energy were worth $9,195,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Royce & Associates LP grew its stake in SunCoke Energy by 61.3% during the first quarter. Royce & Associates LP now owns 139,359 shares of the energy company’s stock worth $977,000 after buying an additional 52,965 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of SunCoke Energy by 61.2% in the 1st quarter. Shell Asset Management Co. now owns 97,835 shares of the energy company’s stock valued at $686,000 after purchasing an additional 37,139 shares in the last quarter. Diversified Trust Co boosted its stake in shares of SunCoke Energy by 12.5% in the 1st quarter. Diversified Trust Co now owns 20,212 shares of the energy company’s stock valued at $142,000 after purchasing an additional 2,241 shares in the last quarter. BlackRock Inc. boosted its stake in shares of SunCoke Energy by 5.1% in the 1st quarter. BlackRock Inc. now owns 13,749,111 shares of the energy company’s stock valued at $96,382,000 after purchasing an additional 667,586 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of SunCoke Energy in the 1st quarter valued at approximately $168,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.
Shares of NYSE SXC opened at $7.70 on Friday. The firm has a 50 day simple moving average of $7.12. The company has a market cap of $638.93 million, a price-to-earnings ratio of 40.53 and a beta of 1.17. SunCoke Energy, Inc. has a 1 year low of $2.64 and a 1 year high of $8.15. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 1.25.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Wednesday, May 19th were issued a $0.06 dividend. The ex-dividend date was Tuesday, May 18th. This represents a $0.24 dividend on an annualized basis and a yield of 3.12%. SunCoke Energy’s dividend payout ratio (DPR) is presently 2,400.00%.
In other news, Director Ratta Ralph M. Della, Jr. purchased 7,200 shares of the stock in a transaction on Thursday, April 29th. The stock was purchased at an average price of $6.95 per share, for a total transaction of $50,040.00. Following the acquisition, the director now owns 15,563 shares in the company, valued at $108,162.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.53% of the stock is owned by company insiders.
A number of research firms have recently weighed in on SXC. Zacks Investment Research downgraded shares of SunCoke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th. TheStreet upgraded shares of SunCoke Energy from a “d+” rating to a “c” rating in a research note on Wednesday, April 28th.
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.
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