SunCoke Energy, Inc. (NYSE:SXC) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC raised its position in shares of SunCoke Energy, Inc. (NYSE:SXC) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,551 shares of the energy company’s stock after purchasing an additional 3,954 shares during the period. Jennison Associates LLC owned 0.12% of SunCoke Energy worth $1,037,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SXC. Catalyst Capital Advisors LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $30,000. Millburn Ridgefield Corp bought a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $30,000. Advisor Partners II LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $102,000. Evergreen Capital Management LLC bought a new stake in shares of SunCoke Energy in the 3rd quarter worth approximately $103,000. Finally, Optas LLC bought a new stake in shares of SunCoke Energy in the 4th quarter worth approximately $108,000. 90.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SunCoke Energy

In related news, CEO Michael G. Rippey sold 122,533 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $11.11, for a total transaction of $1,361,341.63. Following the completion of the transaction, the chief executive officer now directly owns 521,073 shares in the company, valued at approximately $5,789,121.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Michael G. Rippey sold 122,533 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 521,073 shares in the company, valued at approximately $5,789,121.03. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael G. Rippey sold 48,618 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.93, for a total transaction of $531,394.74. Following the completion of the transaction, the chief executive officer now owns 763,409 shares of the company’s stock, valued at approximately $8,344,060.37. The disclosure for this sale can be found here. Insiders sold a total of 251,572 shares of company stock worth $2,781,834 in the last ninety days. 1.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

SunCoke Energy Stock Performance

SXC stock opened at $10.57 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $888.62 million, a price-to-earnings ratio of 15.78 and a beta of 1.17. SunCoke Energy, Inc. has a 12 month low of $6.71 and a 12 month high of $11.48. The firm has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.29.

SunCoke Energy (NYSE:SXC) last posted its quarterly earnings data 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 business had revenue of $520.60 million during the quarter, compared to the consensus estimate of $406.40 million. SunCoke Energy had a net margin of 2.79% and a return on equity of 8.99%. SunCoke Energy’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. As a group, equities analysts anticipate that SunCoke Energy, Inc. will post 0.86 EPS for the current fiscal year.

SunCoke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Wednesday, February 14th. SunCoke Energy’s dividend payout ratio is currently 59.70%.

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.