Capital International Ltd. CA Invests $952,000 in South Bow Co. (NYSE:SOBO)

Capital International Ltd. CA acquired a new stake in South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,336 shares of the company's stock, valued at approximately $952,000.

A number of other institutional investors have also modified their holdings of SOBO. FMR LLC purchased a new stake in shares of South Bow in the fourth quarter worth about $461,249,000. Capital International Investors acquired a new position in South Bow during the 4th quarter worth approximately $315,469,000. Vanguard Group Inc. purchased a new position in South Bow in the 4th quarter worth approximately $206,467,000. Bank of Montreal Can acquired a new stake in South Bow in the fourth quarter valued at approximately $126,068,000. Finally, ClearBridge Investments Ltd purchased a new stake in shares of South Bow during the fourth quarter valued at approximately $95,987,000.

South Bow Stock Up 1.3 %

NYSE:SOBO opened at $24.55 on Friday. The stock has a 50-day moving average price of $25.17. South Bow Co. has a one year low of $21.16 and a one year high of $27.60. The firm has a market capitalization of $5.11 billion and a P/E ratio of 13.27.

South Bow (NYSE:SOBO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million. As a group, analysts expect that South Bow Co. will post 1.74 earnings per share for the current fiscal year.

South Bow Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.15%. South Bow's payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

SOBO has been the subject of several analyst reports. Scotiabank upped their target price on shares of South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. Wolfe Research cut shares of South Bow from an "outperform" rating to a "peer perform" rating in a research report on Friday, March 7th. CIBC lowered South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 target price on the stock. in a research report on Friday, March 7th. National Bankshares increased their price target on South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. Finally, TD Securities began coverage on South Bow in a research note on Wednesday, January 15th. They set a "hold" rating for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.25.

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.

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