Miller Howard Investments Inc. NY bought a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 435,282 shares of the company's stock, valued at approximately $10,260,000. Miller Howard Investments Inc. NY owned approximately 0.21% of South Bow at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SOBO. Manitou Investment Management Ltd. purchased a new stake in shares of South Bow in the fourth quarter worth $40,000. Canal Insurance CO bought a new stake in South Bow during the 4th quarter valued at about $47,000. CENTRAL TRUST Co purchased a new position in South Bow in the fourth quarter worth about $48,000. YANKCOM Partnership purchased a new position in South Bow in the fourth quarter worth about $57,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of South Bow in the fourth quarter worth approximately $213,000.
South Bow Stock Performance
South Bow stock traded down $0.19 during mid-day trading on Wednesday, reaching $24.96. 246,961 shares of the stock traded hands, compared to its average volume of 723,874. South Bow Co. has a 12-month low of $21.12 and a 12-month high of $27.30. The firm's 50-day simple moving average is $24.04.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Tudor Pickering upgraded shares of South Bow to a "strong-buy" rating in a report on Tuesday, November 19th. US Capital Advisors upgraded South Bow to a "strong-buy" rating in a research note on Monday, October 28th. CIBC raised South Bow from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. Scotiabank upgraded South Bow to a "hold" rating in a report on Friday, December 27th. Finally, TD Securities started coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a "hold" rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $25.00.
Read Our Latest Stock Analysis on South Bow
South Bow Company Profile
(
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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