Metis Global Partners LLC Acquires New Shares in South Bow Co. (NYSE:SOBO)

Metis Global Partners LLC bought a new position in South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,032 shares of the company's stock, valued at approximately $284,000.

Other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC bought a new position in South Bow in the fourth quarter worth about $29,000. Wiser Advisor Group LLC bought a new stake in shares of South Bow in the 4th quarter worth approximately $27,000. Rhumbline Advisers bought a new stake in shares of South Bow in the 4th quarter worth approximately $34,000. Manitou Investment Management Ltd. acquired a new position in South Bow during the 4th quarter valued at approximately $40,000. Finally, Canal Insurance CO bought a new position in South Bow during the 4th quarter worth $47,000.

South Bow Price Performance

NYSE SOBO traded up $0.83 on Monday, hitting $24.88. 2,079,002 shares of the stock were exchanged, compared to its average volume of 765,267. The business's 50-day moving average price is $24.58. South Bow Co. has a 52-week low of $21.12 and a 52-week high of $27.60. The company has a market cap of $5.18 billion and a P/E ratio of 13.45.

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 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. Equities analysts forecast that South Bow Co. will post 1.74 EPS for the current fiscal year.

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South Bow Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.04%. The ex-dividend date of this dividend is Monday, March 31st. South Bow's dividend payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SOBO. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a report on Friday. Tudor Pickering raised shares of South Bow to a "strong-buy" rating in a research note on Tuesday, November 19th. Wells Fargo & Company lowered shares of South Bow from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th. National Bankshares boosted their price objective on South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday. Finally, CIBC lowered South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price objective for the company. in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, South Bow currently has an average rating of "Hold" and a consensus target price of $25.67.

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.