Mutual Advisors LLC bought a new position in shares of South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,276 shares of the company's stock, valued at approximately $517,000.
Several other large investors have also bought and sold shares of SOBO. Nexus Investment Management ULC bought a new stake in shares of South Bow during the 4th quarter valued at about $2,810,000. Viking Fund Management LLC acquired a new position in South Bow in the fourth quarter valued at approximately $740,000. Hennessy Advisors Inc. bought a new position in shares of South Bow during the 4th quarter worth approximately $276,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of South Bow during the 4th quarter worth approximately $213,000.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Morgan Stanley began coverage on South Bow in a research report on Friday, October 25th. They set an "underweight" rating on the stock. Cibc World Mkts raised shares of South Bow to a "hold" rating in a research note on Friday, October 11th. Jefferies Financial Group began coverage on shares of South Bow in a research report on Tuesday, October 8th. They set a "hold" rating for the company. TD Securities initiated coverage on shares of South Bow in a research report on Wednesday, January 15th. They issued a "hold" rating on the stock. Finally, Wells Fargo & Company lowered South Bow from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.00.
Read Our Latest Stock Report on South Bow
South Bow Stock Up 0.1 %
NYSE SOBO traded up $0.02 during trading on Tuesday, hitting $23.83. 398,331 shares of the company's stock traded hands, compared to its average volume of 806,302. South Bow Co. has a 12-month low of $21.12 and a 12-month high of $27.30. The business's fifty day moving average price is $24.27.
South Bow Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.39%.
South Bow 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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