Capital International Sarl Takes Position in South Bow Co. (NYSE:SOBO)

Capital International Sarl purchased a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 67,921 shares of the company's stock, valued at approximately $1,602,000.

Other large investors have also added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in South Bow during the fourth quarter worth $27,000. Roxbury Financial LLC bought a new position in South Bow during the 4th quarter valued at about $29,000. Assetmark Inc. purchased a new stake in South Bow in the 4th quarter worth about $33,000. Rhumbline Advisers bought a new stake in South Bow in the fourth quarter worth about $34,000. Finally, Sit Investment Associates Inc. purchased a new position in shares of South Bow during the fourth quarter valued at approximately $34,000.

South Bow Price Performance

NYSE SOBO traded up $0.18 during midday trading on Thursday, hitting $24.98. 112,861 shares of the company traded hands, compared to its average volume of 952,362. The company has a market cap of $5.20 billion and a PE ratio of 13.50. South Bow Co. has a 52 week low of $21.12 and a 52 week high of $27.60. The company's 50-day simple moving average is $25.13 and its 200-day simple moving average is $24.64.

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

South Bow Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 8.01%. South Bow's payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating on shares of South Bow in a report on Friday, March 7th. TD Securities began coverage on South Bow in a research report on Wednesday, January 15th. They set a "hold" rating for the company. Wolfe Research lowered shares of South Bow from an "outperform" rating to a "peer perform" rating in a report on Friday, March 7th. Scotiabank upped their target price on shares of South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th. Finally, CIBC downgraded shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price target for the company. in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned 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, South Bow presently has an average rating of "Hold" and an average price target 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.