Alberta Investment Management Corp acquired a new position in South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 148,328 shares of the company's stock, valued at approximately $3,498,000. Alberta Investment Management Corp owned approximately 0.07% of South Bow at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in shares of South Bow in the 4th quarter worth about $29,000. Rhumbline Advisers bought a new position in shares of South Bow in the 4th quarter worth about $34,000. Manitou Investment Management Ltd. bought a new position in shares of South Bow in the 4th quarter worth about $40,000. Canal Insurance CO bought a new position in shares of South Bow in the 4th quarter worth about $47,000. Finally, CENTRAL TRUST Co bought a new position in shares of South Bow in the 4th quarter worth about $48,000.
Wall Street Analyst Weigh In
SOBO has been the subject of a number of research analyst reports. Tudor Pickering raised South Bow to a "strong-buy" rating in a research report on Tuesday, November 19th. Scotiabank boosted their target price on South Bow from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. CIBC raised South Bow from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. US Capital Advisors raised South Bow to a "strong-buy" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, South Bow presently has a consensus rating of "Hold" and a consensus target price of $25.50.
Check Out Our Latest Stock Analysis on South Bow
South Bow Stock Performance
SOBO stock traded down $0.15 during mid-day trading on Monday, reaching $25.25. 352,282 shares of the company traded hands, compared to its average volume of 652,902. South Bow Co. has a fifty-two week low of $21.12 and a fifty-two week high of $27.30. The company has a 50 day simple moving average of $24.14.
About South Bow
(
Free Report)
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.
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