Lumen Technologies, Inc. (NYSE:LUMN) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management raised its holdings in Lumen Technologies, Inc. (NYSE:LUMNGet Rating) by 25.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,770 shares of the technology company’s stock after acquiring an additional 26,195 shares during the period. Brookstone Capital Management’s holdings in Lumen Technologies were worth $1,392,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LUMN. State of Alaska Department of Revenue raised its holdings in shares of Lumen Technologies by 3.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 133,604 shares of the technology company’s stock worth $1,457,000 after acquiring an additional 3,965 shares during the period. Redpoint Investment Management Pty Ltd purchased a new position in Lumen Technologies during the second quarter worth about $299,000. Green Alpha Advisors LLC boosted its holdings in Lumen Technologies by 36.9% in the 2nd quarter. Green Alpha Advisors LLC now owns 73,999 shares of the technology company’s stock valued at $807,000 after purchasing an additional 19,961 shares during the last quarter. Parsec Financial Management Inc. grew its stake in shares of Lumen Technologies by 22.2% in the 2nd quarter. Parsec Financial Management Inc. now owns 15,023 shares of the technology company’s stock valued at $164,000 after buying an additional 2,729 shares during the period. Finally, Wiley BROS. Aintree Capital LLC increased its holdings in shares of Lumen Technologies by 1.8% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 93,263 shares of the technology company’s stock worth $1,017,000 after buying an additional 1,630 shares during the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LUMN. TheStreet lowered Lumen Technologies from a “b” rating to a “c” rating in a research report on Monday, August 15th. Royal Bank of Canada increased their price target on Lumen Technologies from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Lumen Technologies in a research note on Friday, August 5th. They issued an “underweight” rating and a $10.00 price target on the stock.

Lumen Technologies Stock Down 2.9 %

Lumen Technologies stock opened at $8.56 on Wednesday. The firm has a market capitalization of $8.86 billion, a P/E ratio of 4.41 and a beta of 0.97. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 2.29. Lumen Technologies, Inc. has a twelve month low of $8.43 and a twelve month high of $14.49. The stock’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $10.90.

Lumen Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Tuesday, August 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend was Monday, August 29th. Lumen Technologies’s dividend payout ratio is currently 51.55%.

Lumen Technologies Company Profile

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Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets.

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Institutional Ownership by Quarter for Lumen Technologies (NYSE:LUMN)

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