SCHEDULE: State Street Boosts SunCoke Energy Stake to 7.8%

State Street Corporation and its subsidiary SSGA Funds Management, Inc. have disclosed significant beneficial ownership in SunCoke Energy Inc. common stock.

Summary

• State Street Corporation, through its various entities, reported beneficial ownership of 6,561,503 shares of SunCoke Energy Inc. common stock, representing 7.8% of the class.
• SSGA Funds Management, Inc., a subsidiary of State Street Corporation, reported beneficial ownership of 4,517,714 shares, accounting for 5.3% of the class.
• The filing indicates that State Street Corporation holds shared voting power over 6,312,168 shares and shared dispositive power over 6,561,503 shares.
• SSGA Funds Management, Inc. holds shared voting power over 4,508,268 shares and shared dispositive power over 4,517,714 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of SunCoke Energy Inc.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment in SunCoke Energy Inc., a company primarily involved in the production of metallurgical coke. Such disclosures provide transparency into major ownership stakes, which can influence market perception of a company's stability and investor confidence within the industrial materials sector.

Stakeholder Impact

• Shareholders: Increased institutional ownership by a major asset manager like State Street Corporation may be viewed positively, signaling confidence in the company's long-term prospects.
• Market: The disclosure provides transparency regarding significant ownership stakes, which can influence trading activity and market perception of SunCoke Energy Inc.

Key Dates

Keywords

SunCoke Energy Inc, State Street Corporation, SSGA Funds Management, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Schedule 13G, Investment Adviser, Coke Production