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

Federated Hermes Inc. boosted its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 773,105 shares of the energy company’s stock after acquiring an additional 10,980 shares during the period. Federated Hermes Inc. owned 0.92% of SunCoke Energy worth $8,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ritholtz Wealth Management raised its holdings in shares of SunCoke Energy by 97.0% in the third quarter. Ritholtz Wealth Management now owns 27,571 shares of the energy company’s stock worth $280,000 after buying an additional 13,577 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of SunCoke Energy in the third quarter worth $497,000. Strs Ohio raised its holdings in shares of SunCoke Energy by 113.8% in the third quarter. Strs Ohio now owns 71,400 shares of the energy company’s stock worth $724,000 after buying an additional 38,000 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of SunCoke Energy in the third quarter worth $492,000. Finally, Advisor Partners II LLC purchased a new position in shares of SunCoke Energy in the third quarter worth $102,000. Hedge funds and other institutional investors own 90.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SunCoke Energy from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th.

Insider Activity at SunCoke Energy

In other news, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $11.11, for a total value of $1,361,341.63. Following the sale, the chief executive officer now owns 521,073 shares in the company, valued at $5,789,121.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Michael G. Rippey sold 48,618 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $10.93, for a total transaction of $531,394.74. Following the transaction, the chief executive officer now directly owns 763,409 shares in the company, valued at $8,344,060.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael G. Rippey sold 122,533 shares of SunCoke Energy stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the transaction, the chief executive officer now directly owns 521,073 shares in the company, valued at $5,789,121.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,572 shares of company stock worth $2,781,834. 1.73% of the stock is owned by company insiders.

SunCoke Energy Trading Down 3.1 %

Shares of SunCoke Energy stock opened at $10.37 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.86 and a quick ratio of 1.05. The firm has a fifty day moving average price of $10.92 and a 200 day moving average price of $10.28. SunCoke Energy, Inc. has a 1 year low of $6.71 and a 1 year high of $11.48. The stock has a market cap of $871.81 million, a PE ratio of 15.48 and a beta of 1.17.

SunCoke Energy (NYSE:SXC) last issued its earnings results on Thursday, February 1st. The energy company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $520.60 million during the quarter, compared to analysts’ expectations of $406.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. Equities research analysts predict that SunCoke Energy, Inc. will post 0.86 earnings per share for the current year.

SunCoke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 annualized dividend and a yield of 3.86%. SunCoke Energy’s dividend payout ratio is presently 59.70%.

SunCoke Energy 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.