328,822 Shares in South Bow Co. (NYSE:SOBO) Bought by Yaupon Capital Management LP

Yaupon Capital Management LP purchased a new position in South Bow Co. (NYSE:SOBO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 328,822 shares of the company's stock, valued at approximately $7,750,000. Yaupon Capital Management LP owned about 0.16% of South Bow as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SOBO. Roxbury Financial LLC bought a new stake in South Bow during the 4th quarter worth approximately $29,000. Wiser Advisor Group LLC acquired a new stake in South Bow during the 4th quarter worth about $27,000. Assetmark Inc. purchased a new stake in South Bow in the 4th quarter worth approximately $33,000. Sit Investment Associates Inc. acquired a new stake in South Bow in the 4th quarter worth about $34,000. Finally, Rhumbline Advisers acquired a new position in shares of South Bow during the 4th quarter valued at about $34,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SOBO shares. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a research report on Friday, March 7th. TD Securities assumed coverage on shares of South Bow in a research report on Wednesday, January 15th. They issued a "hold" rating on the stock. National Bankshares raised their price objective on shares of South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. CIBC cut South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price target on the stock. in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. started coverage on South Bow in a report on Friday, March 28th. They issued a "neutral" rating and a $28.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, South Bow currently has a consensus rating of "Hold" and an average target price of $26.25.

South Bow Stock Performance

South Bow stock traded down $0.09 during mid-day trading on Thursday, hitting $24.71. The company's stock had a trading volume of 371,191 shares, compared to its average volume of 922,967. South Bow Co. has a one year low of $21.16 and a one year high of $27.60. The stock has a market cap of $5.15 billion and a PE ratio of 13.36. The company has a 50 day moving average of $25.13 and a 200-day moving average of $24.64.

South Bow (NYSE:SOBO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. The company had revenue of $488.00 million during the quarter, compared to analyst estimates of $524.87 million. On average, equities research analysts forecast that South Bow Co. will post 1.74 EPS for the current fiscal year.

South Bow Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 8.09%. South Bow's dividend payout ratio is presently 108.11%.

About South Bow

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.