Guardian Partners Inc. Purchases Shares of 29,658 South Bow Co. (NYSE:SOBO)

Guardian Partners Inc. bought a new position in South Bow Co. (NYSE:SOBO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 29,658 shares of the company's stock, valued at approximately $690,000.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a report on Friday, March 7th. Scotiabank raised their target price on South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Friday, March 7th. CIBC cut South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price target for the company. in a report on Friday, March 7th. Wolfe Research downgraded shares of South Bow from an "outperform" rating to a "peer perform" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. started coverage on South Bow in a report on Friday. They issued a "neutral" rating and a $28.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, South Bow has a consensus rating of "Hold" and an average price target of $26.25.

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South Bow Price Performance

SOBO stock traded up $0.15 during mid-day trading on Friday, reaching $26.18. The company had a trading volume of 8,839,059 shares, compared to its average volume of 879,798. The company has a fifty day moving average of $25.31. The company has a market cap of $5.45 billion and a P/E ratio of 14.15. South Bow Co. has a fifty-two week low of $21.98 and a fifty-two week 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 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. Sell-side 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. Investors of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend is Monday, March 31st. South Bow's dividend payout ratio (DPR) is presently 108.11%.

About South Bow

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.