11,867 Shares in South Bow Co. (NYSE:SOBO) Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp bought a new position in South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,867 shares of the company's stock, valued at approximately $280,000.

Several other large investors have also made changes to their positions in the company. Roxbury Financial LLC purchased a new position in shares of South Bow in the 4th quarter worth $29,000. Wiser Advisor Group LLC purchased a new position in shares of South Bow in the 4th quarter worth $27,000. Rhumbline Advisers purchased a new position in shares of South Bow in the 4th quarter worth $34,000. Manitou Investment Management Ltd. purchased a new position in shares of South Bow in the 4th quarter worth $40,000. Finally, Canal Insurance CO purchased a new position in shares of South Bow in the 4th quarter worth $47,000.

Wall Street Analyst Weigh In

SOBO has been the topic of several research reports. Wolfe Research lowered South Bow from an "outperform" rating to a "peer perform" rating in a research report on Friday, March 7th. Tudor Pickering raised South Bow to a "strong-buy" rating in a research report on Tuesday, November 19th. CIBC lowered South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a research report on Friday, March 7th. National Bankshares raised their price objective on South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a research report on Friday, March 7th. Finally, TD Securities assumed coverage on South Bow in a research report on Wednesday, January 15th. They issued a "hold" rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.67.

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South Bow Stock Performance

Shares of South Bow stock traded up $0.29 during trading hours on Friday, hitting $25.88. 523,812 shares of the company's stock traded hands, compared to its average volume of 824,752. The stock has a 50 day moving average of $24.74. The stock has a market cap of $5.38 billion and a P/E ratio of 13.99. South Bow Co. has a twelve month low of $21.98 and a twelve month high of $27.60.

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 business had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million. As a group, sell-side analysts anticipate that South Bow Co. will post 1.74 EPS for the current fiscal year.

South Bow Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 7.73%. South Bow's dividend payout ratio 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.