Nuveen LLC Purchases New Holdings 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) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 240,953 shares of the basic materials company's stock, valued at approximately $13,679,000. Nuveen LLC owned approximately 0.22% of Celanese at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC raised its holdings in Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 186 shares in the last quarter. State of Wyoming raised its holdings in Celanese by 122.5% in the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 267 shares in the last quarter. Mather Group LLC. raised its holdings in Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. LRI Investments LLC raised its holdings in Celanese by 739.1% in the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 473 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of Celanese during the 1st quarter worth $40,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Trading Up 0.3%

Shares of CE stock traded up $0.15 on Wednesday, hitting $47.24. The company had a trading volume of 1,624,369 shares, compared to its average volume of 2,836,099. The firm has a market cap of $5.17 billion, a P/E ratio of -3.19, a P/E/G ratio of 2.04 and a beta of 1.10. The stock's 50-day moving average is $53.28 and its two-hundred day moving average is $52.43. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54.

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

Celanese Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were issued a $0.03 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese's dividend payout ratio is presently -0.81%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CE shares. BMO Capital Markets decreased their target price on Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research report on Thursday, August 14th. JPMorgan Chase & Co. decreased their target price on Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on Celanese and gave the company a "buy" rating in a research report on Wednesday, August 13th. UBS Group decreased their target price on Celanese from $66.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Finally, Bank of America decreased their target price on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $59.39.

About Celanese

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.