California Public Employees Retirement System Sells 13,424 Shares of Celanese Corporation $CE

California Public Employees Retirement System lowered its stake in shares of Celanese Corporation (NYSE:CE) by 6.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 182,118 shares of the basic materials company’s stock after selling 13,424 shares during the quarter. California Public Employees Retirement System owned 0.17% of Celanese worth $11,978,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CE. Geneos Wealth Management Inc. boosted its holdings in shares of Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares during the period. National Bank of Canada FI acquired a new position in Celanese in the 3rd quarter worth approximately $34,000. Hartford Financial Management Inc. increased its stake in shares of Celanese by 350.5% in the 4th quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 701 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after buying an additional 331 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Down 2.0%

Shares of NYSE CE opened at $46.38 on Friday. The firm has a 50-day moving average price of $49.99 and a 200 day moving average price of $53.95. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -4.63, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. Celanese Corporation has a 52 week low of $35.13 and a 52 week high of $70.70.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm earned $0.57 earnings per share. 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. Equities research analysts anticipate that Celanese Corporation will post 6.01 EPS for the current fiscal year.

Celanese Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 28th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s payout ratio is -1.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CE. Wall Street Zen downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Wells Fargo & Company raised their target price on Celanese from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. BMO Capital Markets lowered their price objective on shares of Celanese from $80.00 to $57.00 and set a “market perform” rating for the company in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.94.

Celanese 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.