News

Mar 01, 2024

Texas Permanent School Fund Corp Acquires 18,733 Shares of SunCoke Energy, Inc. (NYSE:SXC)

Texas Permanent School Fund Corp raised its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent filing with the

Texas Permanent School Fund Corp raised its stake in shares of SunCoke Energy, Inc. (NYSE:SXC - Free Report) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,803 shares of the energy company's stock after purchasing an additional 18,733 shares during the period. Texas Permanent School Fund Corp owned 0.09% of SunCoke Energy worth $672,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SXC. SG Americas Securities LLC grew its stake in shares of SunCoke Energy by 555.5% in the 1st quarter. SG Americas Securities LLC now owns 155,330 shares of the energy company's stock valued at $1,395,000 after buying an additional 131,634 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of SunCoke Energy by 42.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 54,115 shares of the energy company's stock worth $486,000 after purchasing an additional 16,236 shares during the period. Jennison Associates LLC purchased a new position in SunCoke Energy in the 1st quarter valued at approximately $688,000. Mackenzie Financial Corp purchased a new position in SunCoke Energy in the 1st quarter valued at approximately $129,000. Finally, Regent Peak Wealth Advisors LLC purchased a new position in SunCoke Energy in the 1st quarter valued at approximately $114,000. 87.33% of the stock is owned by institutional investors.

SXC has been the subject of a number of analyst reports. Benchmark increased their target price on shares of SunCoke Energy from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday. StockNews.com assumed coverage on shares of SunCoke Energy in a research note on Thursday, May 18th. They set a "buy" rating for the company. Finally, B. Riley downgraded shares of SunCoke Energy from a "buy" rating to a "neutral" rating and reduced their price target for the company from $12.00 to $11.00 in a research report on Thursday.

Read Our Latest Analysis on SXC

SXC stock opened at $9.12 on Friday. The firm's fifty day simple moving average is $8.01 and its 200-day simple moving average is $8.48. SunCoke Energy, Inc. has a 12 month low of $5.72 and a 12 month high of $10.43. The company has a market capitalization of $763.11 million, a P/E ratio of 8.60 and a beta of 1.30.

SunCoke Energy (NYSE:SXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 4th. The energy company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $487.80 million for the quarter, compared to the consensus estimate of $363.30 million. SunCoke Energy had a net margin of 4.38% and a return on equity of 14.48%. As a group, sell-side analysts forecast that SunCoke Energy, Inc. will post 0.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be given a dividend of $0.10 per share. This is a boost from SunCoke Energy's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 4.39%. The ex-dividend date is Wednesday, August 16th. SunCoke Energy's dividend payout ratio (DPR) is presently 30.19%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider SunCoke Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SunCoke Energy wasn't on the list.

While SunCoke Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.