DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,422 shares of the company's stock, valued at approximately $511,000.
Other institutional investors also recently bought and sold shares of the company. Lipe & Dalton acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $248,000. First Bank & Trust purchased a new stake in South Bow in the 4th quarter valued at approximately $214,000. Alberta Investment Management Corp acquired a new stake in South Bow during the 4th quarter valued at $3,498,000. CIBC Asset Management Inc purchased a new position in South Bow during the fourth quarter worth $7,453,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of South Bow in the fourth quarter worth $4,959,000.
Wall Street Analysts Forecast Growth
SOBO has been the topic of a number of analyst reports. Wells Fargo & Company lowered South Bow from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th. CIBC upgraded shares of South Bow from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $23.00 to $25.00 in a report on Thursday, January 9th. Scotiabank boosted 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 report on Thursday, February 13th. Tudor Pickering upgraded shares of South Bow to a "strong-buy" rating in a research report on Tuesday, November 19th. Finally, TD Securities started coverage on South Bow in a report on Wednesday, January 15th. They issued a "hold" rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, South Bow has a consensus rating of "Hold" and an average target price of $25.50.
View Our Latest Stock Analysis on SOBO
South Bow Trading Up 2.7 %
Shares of SOBO traded up $0.70 during mid-day trading on Wednesday, hitting $26.52. The company had a trading volume of 598,155 shares, compared to its average volume of 656,426. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30. The business has a 50-day moving average of $24.19. The company has a market cap of $5.52 billion and a PE ratio of 14.33.
About South Bow
(
Free Report)
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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