Nuveen LLC Takes Position in Celanese Corporation $CE

Key Points

• Nuveen LLC has acquired a new stake in Celanese Corporation, purchasing 240,953 shares valued at approximately $13.68 million, which makes up about 0.22% of the company's stock.
• Celanese recently reported earnings per share of $1.44, surpassing expectations, although revenue decreased by 4.5% year-over-year.
• Analysts have adjusted their target prices for Celanese, with the average being $59.94, indicating a mix of ratings including six Buy, ten Hold, and two Sell recommendations.

Nuveen LLC acquired a new stake in Celanese Corporation (NYSE:CE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 240,953 shares of the basic materials company's stock, valued at approximately $13,679,000. Nuveen LLC owned about 0.22% of Celanese as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CE. Raymond James Financial Inc. bought a new stake in shares of Celanese in the 4th quarter valued at $7,168,000. Jump Financial LLC bought a new stake in shares of Celanese in the 4th quarter valued at $409,000. First Trust Advisors LP boosted its stake in shares of Celanese by 12.7% in the 4th quarter. First Trust Advisors LP now owns 273,767 shares of the basic materials company's stock valued at $18,947,000 after purchasing an additional 30,952 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Celanese by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,599,615 shares of the basic materials company's stock valued at $110,704,000 after purchasing an additional 275,488 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Celanese by 1.6% during the fourth quarter. MetLife Investment Management LLC now owns 30,149 shares of the basic materials company's stock worth $2,087,000 after acquiring an additional 479 shares in the last quarter. 98.87% of the stock is owned by institutional investors.

Celanese Stock Performance

Shares of CE stock opened at $44.4470 on Friday. The firm has a 50-day moving average of $53.87 and a 200-day moving average of $53.04. The company has a market cap of $4.86 billion, a P/E ratio of -3.00, a P/E/G ratio of 1.96 and a beta of 1.10. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. Celanese Corporation has a one year low of $36.29 and a one year high of $142.54.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $2.38 earnings per share. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Equities research analysts forecast that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, July 29th. Celanese's dividend payout ratio (DPR) is -0.81%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CE shares. Royal Bank Of Canada cut their target price on shares of Celanese from $63.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. UBS Group lowered their price objective on shares of Celanese from $66.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. KeyCorp dropped their price objective on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. BMO Capital Markets dropped their price objective on shares of Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research note on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price objective on shares of Celanese and gave the company a "buy" rating in a research note on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.94.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.

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