As Lincoln National (LNC) Valuation Declined, Marietta Investment Partners Has Trimmed Stake; Centerpoint Energy (CNP) Holder Caprock Group Lifted Stake by $444,339 as Market Valuation Declined

August 12, 2018 - By Catherine Diaz

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Caprock Group Inc increased its stake in Centerpoint Energy Inc (CNP) by 212.35% based on its latest 2018Q1 regulatory filing with the SEC. Caprock Group Inc bought 16,457 shares as the company’s stock declined 6.51% with the market. The institutional investor held 24,207 shares of the public utilities company at the end of 2018Q1, valued at $663,000, up from 7,750 at the end of the previous reported quarter. Caprock Group Inc who had been investing in Centerpoint Energy Inc for a number of months, seems to be bullish on the $12.14 billion market cap company. The stock decreased 0.25% or $0.07 during the last trading session, reaching $28.13. About 2.97M shares traded. CenterPoint Energy, Inc. (NYSE:CNP) has declined 7.81% since August 12, 2017 and is downtrending. It has underperformed by 20.38% the S&P500. Some Historical CNP News: 23/04/2018 – CenterPoint to Buy U.S. Midwest Utility Vectren for $72 a Share; 02/04/2018 – CenterPoint Energy: 60-Mile Brazos Valley Connection Project Completed Ahead of Schedule; 24/04/2018 – S&P PLACED CENTERPOINT ENERGY RESOURCES CORP. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘STABLE’; RATING ‘A-‘; 05/04/2018 – CenterPoint actively pursuing Vectren; 23/04/2018 – CenterPoint Expects Annual Guidance Basis EPS Growth Target of 5 to 7 % in 2019 and 2020, Excluding One-Time Items; 08/05/2018 – Fitch: CenterPoint Energy Resources to Benefit from Internal Spin of Enable Investment; 26/03/2018 – CenterPoint Energy launches 2017 Corporate Responsibility Report using GRI standards; 23/04/2018 – CORRECT: CenterPoint to Buy Vectren for $72 Per Share in Cash; 04/05/2018 – CENTERPOINT SEES HITTING HIGH END YR EPS EX ITEMS VIEW; 24/04/2018 – CENTERPOINT AND VECTREN MERGER CONFERENCE CALL BEGINS

Marietta Investment Partners Llc decreased its stake in Lincoln National Corp (LNC) by 17.35% based on its latest 2018Q1 regulatory filing with the SEC. Marietta Investment Partners Llc sold 6,858 shares as the company’s stock declined 12.17% with the market. The institutional investor held 32,675 shares of the life insurance company at the end of 2018Q1, valued at $2.39M, down from 39,533 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Lincoln National Corp for a number of months, seems to be less bullish one the $14.01 billion market cap company. The stock decreased 3.04% or $2.03 during the last trading session, reaching $64.66. About 1.32 million shares traded. Lincoln National Corporation (NYSE:LNC) has risen 5.08% since August 12, 2017 and is uptrending. It has underperformed by 7.49% the S&P500. Some Historical LNC News: 13/03/2018 – Lincoln Financial Network Advisor Recognized by lnvestmentNews Women to Watch Award; 14/05/2018 – Lincoln Financial Group Launches Indexed Universal Life Solution with Cash Growth Flexibility for Changing Client Needs; 02/05/2018 – Lincoln National 1Q Adj EPS $1.97; 16/04/2018 – Lincoln Financial Group Names Chris Neczypor as Senior Vice President, Head of Investment Risk and Strategy; 18/04/2018 – Delta, Goodyear, Lincoln National Are Selling at Steep Discounts — Barrons.com; 23/04/2018 – Lincoln Financial Group Teams up to Deliver 200 Care Packages to U.S. Servicemembers; 02/05/2018 – Lincoln National 1Q EPS $1.64; 21/05/2018 – Lincoln Financial Group Launches Indexed Variable Annuity with Unique Income Option and Simple Investing Choices; 13/03/2018 – Lincoln Financial Network Advisor Recognized by InvestmentNews Women to Watch Award; 18/05/2018 – A.M. Best Removes From Under Review With Developing Implications, Upgrades Issuer Credit Rating of Liberty Life Assurance Company of Boston

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.19, from 0.96 in 2017Q4. It worsened, as 31 investors sold LNC shares while 238 reduced holdings. 59 funds opened positions while 149 raised stakes. 170.05 million shares or 0.02% less from 170.09 million shares in 2017Q4 were reported. Hgk Asset Mgmt Inc owns 0.08% invested in Lincoln National Corporation (NYSE:LNC) for 7,519 shares. Swiss Savings Bank owns 702,064 shares for 0.06% of their portfolio. First Mercantile reported 4,400 shares. Affinity Invest Lc owns 195,535 shares for 1.67% of their portfolio. Moreover, Conning has 0.01% invested in Lincoln National Corporation (NYSE:LNC) for 5,376 shares. Daiwa Securities Inc holds 0% or 7,394 shares. Lazard Asset Mgmt Ltd Com reported 515 shares. Us Financial Bank De accumulated 257,933 shares. Jane Street Limited Liability Corp stated it has 0% in Lincoln National Corporation (NYSE:LNC). Blair William & Il has 0% invested in Lincoln National Corporation (NYSE:LNC). Yorktown Mgmt Com Inc stated it has 32,000 shares. 3,179 were reported by Bluecrest Mgmt Ltd. Parametric Portfolio Assoc Limited Com owns 1.17M shares. Livforsakringsbolaget Skandia Omsesidigt has 0.03% invested in Lincoln National Corporation (NYSE:LNC). Amundi Pioneer Asset Management holds 0.16% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 1.34 million shares.

Among 18 analysts covering Lincoln National (NYSE:LNC), 10 have Buy rating, 1 Sell and 7 Hold. Therefore 56% are positive. Lincoln National had 63 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Lincoln National Corporation (NYSE:LNC) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 14. RBC Capital Markets maintained Lincoln National Corporation (NYSE:LNC) rating on Monday, October 9. RBC Capital Markets has “Buy” rating and $83.0 target. As per Thursday, January 26, the company rating was initiated by Citigroup. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 4. FBR Capital maintained Lincoln National Corporation (NYSE:LNC) rating on Tuesday, August 7. FBR Capital has “Neutral” rating and $83 target. On Sunday, January 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Outperform” rating by FBR Capital on Tuesday, October 18. The stock has “Overweight” rating by Piper Jaffray on Tuesday, September 29. The firm has “Buy” rating by Deutsche Bank given on Friday, May 4. Keefe Bruyette & Woods maintained Lincoln National Corporation (NYSE:LNC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $89.0 target.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on November, 7. They expect $2.15 earnings per share, up 5.91% or $0.12 from last year’s $2.03 per share. LNC’s profit will be $465.88 million for 7.52 P/E if the $2.15 EPS becomes a reality. After $2.02 actual earnings per share reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts 6.44% EPS growth.

Marietta Investment Partners Llc, which manages about $392.24M and $333.63 million US Long portfolio, upped its stake in Progressive Corp Ohio (NYSE:PGR) by 90,286 shares to 108,485 shares, valued at $6.61M in 2018Q1, according to the filing. It also increased its holding in Royal Caribbean Cruises Ltd (NYSE:RCL) by 6,672 shares in the quarter, for a total of 41,970 shares, and has risen its stake in Deere & Co (NYSE:DE).

More news for Lincoln National Corporation (NYSE:LNC) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Immunomedics, Vertex Pharmaceuticals, Ralph …” on August 10, 2018. Seekingalpha.com‘s article titled: “Lincoln National (LNC) Q2 2018 Results – Earnings Call Transcript” and published on August 02, 2018 is yet another important article.

Since February 21, 2018, it had 1 insider buy, and 3 sales for $2.15 million activity. Connelly Deirdre P bought 1,000 shares worth $67,086. $147,152 worth of Lincoln National Corporation (NYSE:LNC) shares were sold by Freitag Randal J. On Wednesday, February 21 Solon Kenneth S. sold $147,244 worth of Lincoln National Corporation (NYSE:LNC) or 1,875 shares.

Among 14 analysts covering CenterPoint (NYSE:CNP), 3 have Buy rating, 0 Sell and 11 Hold. Therefore 21% are positive. CenterPoint had 43 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Tuesday, August 11 with “Hold”. The rating was upgraded by Goldman Sachs to “Neutral” on Monday, May 9. The rating was downgraded by RBC Capital Markets on Thursday, March 16 to “Sector Perform”. The stock of CenterPoint Energy, Inc. (NYSE:CNP) has “Hold” rating given on Monday, April 16 by SunTrust. SunTrust maintained the stock with “Hold” rating in Monday, April 2 report. The company was maintained on Tuesday, April 24 by JP Morgan. The rating was initiated by Bank of America on Tuesday, October 24 with “Hold”. SunTrust maintained the stock with “Hold” rating in Monday, October 30 report. SunTrust maintained CenterPoint Energy, Inc. (NYSE:CNP) rating on Monday, February 12. SunTrust has “Hold” rating and $27.0 target. The rating was reinitiated by JP Morgan with “Neutral” on Thursday, June 29.

Investors sentiment decreased to 0.92 in Q1 2018. Its down 0.12, from 1.04 in 2017Q4. It dived, as 42 investors sold CNP shares while 177 reduced holdings. 63 funds opened positions while 138 raised stakes. 322.35 million shares or 1.74% more from 316.82 million shares in 2017Q4 were reported. Citigroup has invested 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). North Star Invest Management holds 0.03% in CenterPoint Energy, Inc. (NYSE:CNP) or 8,090 shares. Nomura Inc has 154,493 shares for 0% of their portfolio. Principal Grp, Iowa-based fund reported 1.38 million shares. Tarbox Family Office has 0% invested in CenterPoint Energy, Inc. (NYSE:CNP) for 120 shares. 720,573 are held by State Board Of Administration Of Florida Retirement. Wealth Enhancement Advisory Ser Limited Com holds 34,233 shares or 0.06% of its portfolio. Numerixs Investment Technologies Inc owns 9,500 shares. Nuwave Invest Mgmt Ltd Liability Co has invested 0.01% in CenterPoint Energy, Inc. (NYSE:CNP). Conning invested in 10,622 shares. Cibc Asset Mngmt holds 0.01% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP) for 44,820 shares. Sit Inv Assocs reported 0.45% of its portfolio in CenterPoint Energy, Inc. (NYSE:CNP). California State Teachers Retirement Sys stated it has 769,939 shares. Balyasny Asset Ltd, a Illinois-based fund reported 57,934 shares. Optimum Advsrs owns 654 shares for 0.01% of their portfolio.

Caprock Group Inc, which manages about $1.88B and $468.46M US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKB) by 3,978 shares to 11,429 shares, valued at $2.28 million in 2018Q1, according to the filing. It also reduced its holding in Varian Med Sys Inc (NYSE:VAR) by 2,925 shares in the quarter, leaving it with 5,300 shares, and cut its stake in Target Corp (NYSE:TGT).

CenterPoint Energy, Inc. (NYSE:CNP) Institutional Positions Chart

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