Electron Capital Partners LLC Buys New Shares in Celanese Corporation $CE

Electron Capital Partners LLC purchased a new position in shares of Celanese Corporation (NYSE:CE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 525,240 shares of the basic materials company’s stock, valued at approximately $29,062,000. Celanese accounts for about 1.6% of Electron Capital Partners LLC’s investment portfolio, making the stock its 21st largest position. Electron Capital Partners LLC owned approximately 0.48% of Celanese at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Engineers Gate Manager LP boosted its holdings in Celanese by 221.7% in the second quarter. Engineers Gate Manager LP now owns 31,278 shares of the basic materials company’s stock valued at $1,731,000 after acquiring an additional 21,555 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Celanese by 142.8% during the second quarter. BNP Paribas Financial Markets now owns 956,650 shares of the basic materials company’s stock worth $52,931,000 after acquiring an additional 562,615 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Celanese in the 2nd quarter worth about $332,000. Balyasny Asset Management L.P. lifted its stake in shares of Celanese by 53.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 884,373 shares of the basic materials company’s stock valued at $48,932,000 after purchasing an additional 307,780 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Celanese by 103.7% during the 2nd quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock worth $91,056,000 after purchasing an additional 837,944 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CE has been the topic of a number of recent research reports. Evercore ISI reduced their price target on shares of Celanese from $75.00 to $45.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Royal Bank Of Canada set a $43.00 target price on shares of Celanese in a research note on Tuesday, October 14th. Jefferies Financial Group decreased their price target on shares of Celanese from $47.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, September 8th. UBS Group increased their price target on Celanese from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Celanese in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $54.78.

Celanese Stock Performance

Shares of CE stock opened at $43.41 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.63 and a quick ratio of 1.04. The company’s fifty day moving average price is $40.21 and its two-hundred day moving average price is $47.36. The firm has a market capitalization of $4.75 billion, a P/E ratio of -1.54 and a beta of 1.13. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $75.84.

Celanese (NYSE:CE) last announced its earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Celanese had a positive return on equity of 9.87% and a negative net margin of 31.85%.The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the company earned $2.44 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, research analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, October 28th. Celanese’s dividend payout ratio is -0.42%.

Insider Buying and Selling at Celanese

In related news, CFO Chuck Kyrish purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average price of $41.03 per share, for a total transaction of $205,150.00. Following the completion of the purchase, the chief financial officer owned 10,914 shares in the company, valued at approximately $447,801.42. This represents a 84.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

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.