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

Legal & General Group Plc purchased a new position in SunCoke Energy, Inc. (NYSE:SXC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,619 shares of the energy company’s stock, valued at approximately $448,000. Legal & General Group Plc owned approximately 0.07% of SunCoke Energy as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of SunCoke Energy by 13.8% during the 1st quarter. Royal Bank of Canada now owns 35,957 shares of the energy company’s stock valued at $330,000 after acquiring an additional 4,358 shares during the period. AQR Capital Management LLC raised its stake in SunCoke Energy by 86.3% during the 1st quarter. AQR Capital Management LLC now owns 366,537 shares of the energy company’s stock worth $3,372,000 after acquiring an additional 169,813 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in SunCoke Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,744 shares of the energy company’s stock worth $458,000 after acquiring an additional 2,064 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in SunCoke Energy by 70.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 27,962 shares of the energy company’s stock valued at $257,000 after purchasing an additional 11,580 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in SunCoke Energy by 126.3% during the second quarter. Hsbc Holdings PLC now owns 49,633 shares of the energy company’s stock valued at $424,000 after purchasing an additional 27,696 shares in the last quarter. Institutional investors own 90.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SXC. Weiss Ratings raised shares of SunCoke Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $9.00.

SunCoke Energy Stock Performance

NYSE:SXC opened at $10.20 on Wednesday. The stock has a 50-day moving average price of $9.11 and a 200 day moving average price of $7.91. The stock has a market capitalization 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.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 EPS for the quarter, topping 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 company had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $445.20 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Equities research analysts forecast that SunCoke Energy, Inc. will post 0.32 EPS for the current fiscal year.

SunCoke Energy Dividend Announcement

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