Souders Financial Advisors Acquires New Position in South Bow Co. (NYSE:SOBO)

Souders Financial Advisors acquired a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,058 shares of the company's stock, valued at approximately $261,000.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new position in South Bow during the fourth quarter valued at $12,643,000. Tacita Capital Inc acquired a new position in South Bow during the fourth quarter valued at $301,000. Jones Financial Companies Lllp acquired a new position in South Bow during the fourth quarter valued at $280,000. Metis Global Partners LLC acquired a new position in South Bow during the fourth quarter valued at $284,000. Finally, US Bancorp DE acquired a new position in South Bow during the fourth quarter valued at $373,000.

Analyst Ratings Changes

A number of research firms recently issued reports on SOBO. TD Securities started coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a "hold" rating for the company. Scotiabank upped their price objective on shares of South Bow from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. CIBC upgraded shares of South Bow from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $23.00 to $25.00 in a research report on Thursday, January 9th. Wells Fargo & Company downgraded shares of South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Finally, Tudor Pickering upgraded shares of South Bow to a "strong-buy" rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, South Bow has a consensus rating of "Hold" and an average price target of $25.50.

South Bow Trading Down 10.0 %

Shares of SOBO traded down $2.72 during mid-day trading on Thursday, hitting $24.65. 1,429,927 shares of the company were exchanged, compared to its average volume of 730,915. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.60. The firm's 50 day simple moving average is $24.56. The stock has a market cap of $5.13 billion and a PE ratio of 13.32.

South Bow (NYSE:SOBO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) 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 analysts' expectations of $524.87 million. On average, equities research analysts expect that South Bow Co. will post 1.74 EPS for the current year.

South Bow Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 8.11%. South Bow's dividend payout ratio is presently 108.11%.

South Bow 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.