Edgestream Partners L.P. Sells 52,373 Shares of Celanese Corporation $CE

Edgestream Partners L.P. cut its position in Celanese Corporation (NYSE:CE) by 37.5% in the first quarter, HoldingsChannel.com reports. The firm owned 87,113 shares of the basic materials company’s stock after selling 52,373 shares during the quarter. Edgestream Partners L.P.’s holdings in Celanese were worth $5,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Childress Capital Advisors LLC raised its holdings in Celanese by 3.6% during the first quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 192 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Celanese by 14.5% in the first quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 230 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of Celanese by 20.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 240 shares during the period. Bessemer Group Inc. boosted its stake in shares of Celanese by 7.1% in the first quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock worth $262,000 after acquiring an additional 262 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Celanese by 8.9% during the fourth quarter. Blue Trust Inc. now owns 3,244 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 265 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CE. Bank of America decreased their target price on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Mizuho dropped their price target on Celanese from $65.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Royal Bank Of Canada increased their price objective on shares of Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.94.

Celanese Price Performance

NYSE:CE opened at $44.74 on Friday. The business’s 50-day moving average is $49.22 and its 200 day moving average is $54.03. Celanese Corporation has a 12 month low of $35.13 and a 12 month high of $70.70. The company has a market capitalization of $4.91 billion, a P/E ratio of -4.47, a P/E/G ratio of 0.27 and a beta of 0.76. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 2.41.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. On average, equities research analysts forecast that Celanese Corporation will post 6.01 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 28th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -1.20%.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.