apricus wealth LLC Invests $1.40 Million in South Bow Co. (NYSE:SOBO)

apricus wealth LLC bought a new position in South Bow Co. (NYSE:SOBO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 59,554 shares of the company's stock, valued at approximately $1,404,000.

Several other hedge funds have also added to or reduced their stakes in SOBO. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in South Bow in the 4th quarter worth approximately $6,787,000. Exchange Traded Concepts LLC bought a new position in shares of South Bow in the fourth quarter worth approximately $5,427,000. Manitou Investment Management Ltd. purchased a new position in shares of South Bow in the fourth quarter worth $40,000. Mutual Advisors LLC bought a new stake in South Bow during the 4th quarter valued at $517,000. Finally, Viking Fund Management LLC purchased a new stake in South Bow during the 4th quarter valued at $740,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SOBO shares. Wells Fargo & Company cut shares of South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. TD Securities began coverage on South Bow in a report on Wednesday, January 15th. They set a "hold" rating on the stock. US Capital Advisors upgraded South Bow to a "strong-buy" rating in a report on Monday, October 28th. Cibc World Mkts raised South Bow to a "hold" rating in a research note on Friday, October 11th. Finally, Scotiabank upgraded South Bow to a "hold" rating in a report on Friday, December 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.00.

South Bow Stock Performance

South Bow stock traded up $0.34 during trading hours on Friday, hitting $24.36. 417,214 shares of the stock traded hands, compared to its average volume of 862,925. South Bow Co. has a one year low of $21.12 and a one year high of $27.30. The business's 50-day moving average price is $24.35.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 8.21%.

South Bow Profile

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.