M&G PLC Takes Position in Celanese Corporation $CE

M&G PLC acquired a new stake in shares of Celanese Corporation (NYSE:CE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 210,877 shares of the basic materials company’s stock, valued at approximately $11,598,000. M&G PLC owned about 0.19% of Celanese at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Strengthening Families & Communities LLC grew its stake in shares of 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 buying an additional 186 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Celanese during the 1st quarter valued at $30,000. SBI Securities Co. Ltd. lifted its stake in shares of Celanese by 55.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 222 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Celanese by 99.0% in the 2nd quarter. LRI Investments LLC now owns 758 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 377 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new stake in Celanese in the second quarter worth $50,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celanese

In other news, Director Timothy Go bought 1,039 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was bought at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the transaction, the director directly owned 4,415 shares in the company, valued at $204,193.75. The trade was a 30.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Celanese Stock Performance

NYSE CE opened at $39.05 on Thursday. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -2.63, a PEG ratio of 1.86 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. Celanese Corporation has a 1-year low of $35.48 and a 1-year high of $77.43. The company has a 50 day moving average of $42.11 and a 200-day moving average of $48.91.

Celanese (NYSE:CE) last posted its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. The business’s revenue was down 8.6% on a year-over-year basis. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, equities analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CE shares. Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a research note on Wednesday, October 8th. Evercore ISI reduced their target price on Celanese from $75.00 to $45.00 and set an “in-line” rating for the company in a report on Tuesday. Robert W. Baird decreased their target price on Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th. Finally, Bank of America dropped their price target on shares of Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.78.

Celanese 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.