Duff & Phelps Investment Management Co. Takes Position in South Bow Co. (NYSE:SOBO)

Duff & Phelps Investment Management Co. purchased a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 446,896 shares of the company's stock, valued at approximately $10,533,000. Duff & Phelps Investment Management Co. owned 0.22% of South Bow as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Roxbury Financial LLC purchased a new stake in South Bow in the fourth quarter worth $29,000. Wiser Advisor Group LLC purchased a new position in South Bow in the 4th quarter worth about $27,000. Assetmark Inc. purchased a new stake in South Bow in the 4th quarter valued at about $33,000. Rhumbline Advisers purchased a new stake in South Bow in the 4th quarter valued at about $34,000. Finally, Manitou Investment Management Ltd. bought a new position in South Bow in the 4th quarter worth about $40,000.

Analysts Set New Price Targets

Several research analysts have issued reports on SOBO shares. National Bankshares increased their target price on shares of South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. Wells Fargo & Company lowered shares of South Bow from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. assumed coverage on South Bow in a report on Friday. They set a "neutral" rating and a $28.00 target price for the company. Scotiabank lifted their price target on South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. Finally, Wolfe Research lowered shares of South Bow from an "outperform" rating to a "peer perform" rating 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.25.

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South Bow Trading Up 0.4 %

Shares of SOBO stock traded up $0.11 during mid-day trading on Tuesday, reaching $25.63. The stock had a trading volume of 343,934 shares, compared to its average volume of 871,867. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.60. The company has a market cap of $5.33 billion and a price-to-earnings ratio of 13.85. The business has a fifty day moving average of $25.34.

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, topping analysts' consensus estimates of $0.42 by $0.12. The business had revenue of $488.00 million for the quarter, compared to analysts' expectations of $524.87 million. Analysts forecast that South Bow Co. will post 1.74 earnings per share for the current year.

South Bow Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Monday, March 31st. South Bow's dividend payout ratio is currently 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.