536,064 Shares in South Bow Co. (NYSE:SOBO) Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new position in South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 536,064 shares of the company's stock, valued at approximately $12,643,000. Charles Schwab Investment Management Inc. owned approximately 0.26% of South Bow as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in shares of South Bow in the fourth quarter valued at about $301,000. Jones Financial Companies Lllp bought a new stake in South Bow during the 4th quarter worth about $280,000. Metis Global Partners LLC acquired a new position in South Bow during the 4th quarter valued at about $284,000. US Bancorp DE bought a new position in shares of South Bow in the 4th quarter valued at about $373,000. Finally, Wiser Advisor Group LLC acquired a new stake in shares of South Bow during the 4th quarter worth approximately $27,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. TD Securities initiated coverage on shares of South Bow in a research note on Wednesday, January 15th. They issued a "hold" rating on the stock. National Bankshares upped their price objective on shares of South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a research report on Friday, March 7th. Wolfe Research downgraded South Bow from an "outperform" rating to a "peer perform" rating in a report on Friday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of South Bow in a research report on Friday, March 7th. Finally, Scotiabank boosted their price target on shares of South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.67.

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South Bow Stock Down 1.1 %

Shares of SOBO stock traded down $0.29 during trading on Tuesday, hitting $26.24. The company had a trading volume of 362,285 shares, compared to its average volume of 810,817. The stock's 50-day simple moving average is $25.08. The company has a market cap of $5.46 billion and a price-to-earnings ratio of 14.18. South Bow Co. has a one year low of $21.98 and a one year high of $27.60.

South Bow (NYSE:SOBO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.54 EPS 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, analysts predict that South Bow Co. will post 1.74 EPS for the current year.

South Bow Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.62%. The ex-dividend date is Monday, March 31st. South Bow's payout ratio is 108.11%.

South Bow Company 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.