TCW Group Inc. Sells 3,800 Shares of SunCoke Energy, Inc. (NYSE:SXC)

TCW Group Inc. lowered its stake in SunCoke Energy, Inc. (NYSE:SXC) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 648,627 shares of the energy company’s stock after selling 3,800 shares during the period. TCW Group Inc. owned 0.77% of SunCoke Energy worth $6,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its stake in shares of SunCoke Energy by 112.5% in the third quarter. GSA Capital Partners LLP now owns 176,855 shares of the energy company’s stock worth $1,535,000 after acquiring an additional 93,644 shares during the last quarter. Barclays PLC boosted its stake in SunCoke Energy by 257.0% in the 3rd quarter. Barclays PLC now owns 202,890 shares of the energy company’s stock worth $1,763,000 after purchasing an additional 146,065 shares in the last quarter. Jane Street Group LLC grew its position in SunCoke Energy by 450.3% during the 3rd quarter. Jane Street Group LLC now owns 665,054 shares of the energy company’s stock valued at $5,773,000 after purchasing an additional 544,194 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SunCoke Energy by 28.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 852,051 shares of the energy company’s stock valued at $7,396,000 after purchasing an additional 191,235 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in SunCoke Energy by 182.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 127,344 shares of the energy company’s stock worth $1,105,000 after buying an additional 82,244 shares during the last quarter. Institutional investors own 90.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of SunCoke Energy in a research note on Tuesday, November 5th.

SunCoke Energy Stock Performance

Shares of SXC opened at $9.19 on Monday. The company has a market cap of $772.39 million, a price-to-earnings ratio of 8.20 and a beta of 1.06. The business’s fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $9.92. SunCoke Energy, Inc. has a 12 month low of $7.47 and a 12 month high of $12.82. The company has a current ratio of 2.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

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

SunCoke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.23%. SunCoke Energy’s dividend payout ratio is presently 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.