Natixis Advisors LLC Has $1.34 Million Stake in Celanese Co. (NYSE:CE)

Natixis Advisors LLC reduced its position in shares of Celanese Co. (NYSE:CE) by 52.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,321 shares of the basic materials company’s stock after selling 21,723 shares during the period. Natixis Advisors LLC’s holdings in Celanese were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CE. Wellington Management Group LLP increased its stake in Celanese by 27.4% during the 3rd quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company’s stock worth $1,286,230,000 after acquiring an additional 2,036,362 shares during the period. State Street Corp raised its stake in Celanese by 3.1% in the third quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock valued at $611,931,000 after purchasing an additional 136,994 shares in the last quarter. Geode Capital Management LLC grew its stake in Celanese by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company’s stock worth $353,145,000 after buying an additional 177,552 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Celanese by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,037,757 shares of the basic materials company’s stock worth $71,823,000 after buying an additional 46,856 shares in the last quarter. Finally, KBC Group NV increased its holdings in Celanese by 139.8% in the 4th quarter. KBC Group NV now owns 512,253 shares of the basic materials company’s stock valued at $35,453,000 after buying an additional 298,596 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Celanese Stock Down 0.5 %

Shares of CE opened at $59.14 on Wednesday. The stock’s 50-day moving average price is $62.68 and its two-hundred day moving average price is $85.82. Celanese Co. has a 12 month low of $45.94 and a 12 month high of $172.16. The company has a market capitalization of $6.47 billion, a PE ratio of -4.25, a PEG ratio of 1.05 and a beta of 1.23. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. On average, analysts anticipate that Celanese Co. will post 8.79 EPS for the current year.

Celanese Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, February 25th. Celanese’s dividend payout ratio is presently -0.86%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CE shares. Evercore ISI reduced their price target on shares of Celanese from $85.00 to $75.00 and set an “in-line” rating on the stock in a research report on Monday. Barclays decreased their price target on Celanese from $75.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Vertical Research upgraded Celanese from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a research report on Thursday, March 6th. KeyCorp raised Celanese from a “sector weight” rating to an “overweight” rating and set a $76.00 price objective on the stock in a research note on Friday, March 21st. Finally, Robert W. Baird lowered their target price on Celanese from $110.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $66.67.

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.