Federated Hermes Inc. Raises Holdings in SunCoke Energy, Inc. (NYSE:SXC)

by · The Cerbat Gem

Federated Hermes Inc. lifted its stake in SunCoke Energy, Inc. (NYSE:SXC – Free Report) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 841,862 shares of the energy company’s stock after acquiring an additional 19,269 shares during the period. Federated Hermes Inc.’s holdings in SunCoke Energy were worth $9,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in SunCoke Energy by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,993,020 shares of the energy company’s stock valued at $74,825,000 after purchasing an additional 19,644 shares in the last quarter. State Street Corp grew its holdings in shares of SunCoke Energy by 3.5% during the third quarter. State Street Corp now owns 4,848,334 shares of the energy company’s stock valued at $42,084,000 after buying an additional 163,839 shares during the last quarter. American Century Companies Inc. increased its position in shares of SunCoke Energy by 11.0% in the 4th quarter. American Century Companies Inc. now owns 3,082,691 shares of the energy company’s stock valued at $32,985,000 after acquiring an additional 306,356 shares during the period. Pacer Advisors Inc. purchased a new position in SunCoke Energy in the 4th quarter worth $27,164,000. Finally, Geode Capital Management LLC lifted its position in SunCoke Energy by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,984,605 shares of the energy company’s stock worth $17,230,000 after acquiring an additional 40,801 shares during the period. 90.45% of the stock is currently owned by institutional investors and hedge funds.

SunCoke Energy Stock Down 2.4 %

Shares of SXC stock opened at $8.62 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 2.22. SunCoke Energy, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.82. The firm has a market capitalization of $726.69 million, a PE ratio of 7.69 and a beta of 0.90. The stock’s 50-day simple moving average is $9.21 and its 200-day simple moving average is $10.05.

SunCoke Energy (NYSE:SXC – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. SunCoke Energy had a net margin of 4.95% and a return on equity of 14.31%. Equities analysts expect that SunCoke Energy, Inc. will post 0.71 earnings per share for the current year.

SunCoke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a yield of 5.57%. SunCoke Energy’s dividend payout ratio is presently 42.86%.

SunCoke Energy Profile

(Free Report)

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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