15,370 Shares in South Bow Co. (NYSE:SOBO) Bought by Americana Partners LLC

Americana Partners LLC purchased a new position in shares of 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 (SEC). The institutional investor purchased 15,370 shares of the company's stock, valued at approximately $362,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Roxbury Financial LLC bought a new position in shares of South Bow in the 4th quarter valued at $29,000. Rhumbline Advisers bought a new position in shares of South Bow in the fourth quarter worth about $34,000. Manitou Investment Management Ltd. bought a new position in shares of South Bow in the fourth quarter worth about $40,000. Canal Insurance CO acquired a new stake in shares of South Bow in the 4th quarter valued at approximately $47,000. Finally, CENTRAL TRUST Co bought a new stake in shares of South Bow during the 4th quarter valued at approximately $48,000.

South Bow Trading Down 0.4 %

SOBO traded down $0.10 during midday trading on Friday, hitting $25.44. 360,913 shares of the company were exchanged, compared to its average volume of 482,963. The business has a 50 day moving average price of $24.11. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SOBO shares. Scotiabank increased their price objective on shares of South Bow from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. TD Securities initiated coverage on South Bow in a report on Wednesday, January 15th. They set a "hold" rating on the stock. Tudor Pickering raised South Bow to a "strong-buy" rating in a report on Tuesday, November 19th. Morgan Stanley started coverage on South Bow in a research report on Friday, October 25th. They issued an "underweight" rating for the company. Finally, CIBC upgraded South Bow from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $23.00 to $25.00 in a report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.50.

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.