Spirit of America Management Corp NY purchased a new stake in South Bow Co. (NYSE:SOBO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,765 shares of the company's stock, valued at approximately $348,000.
A number of other institutional investors have also made changes to their positions in the business. Mutual Advisors LLC acquired a new stake in shares of South Bow during the 4th quarter valued at about $517,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of South Bow in the 4th quarter valued at approximately $6,787,000. Cibc World Market Inc. acquired a new position in shares of South Bow in the 4th quarter worth approximately $47,533,000. Exchange Traded Concepts LLC bought a new position in shares of South Bow during the 4th quarter worth approximately $5,427,000. Finally, apricus wealth LLC acquired a new stake in South Bow in the 4th quarter valued at $1,404,000.
South Bow Price Performance
Shares of NYSE SOBO traded up $0.09 during mid-day trading on Friday, hitting $24.69. The company had a trading volume of 432,060 shares, compared to its average volume of 774,796. The company has a 50-day moving average price of $24.05. South Bow Co. has a one year low of $21.12 and a one year high of $27.30.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. TD Securities initiated coverage on shares of South Bow in a report on Wednesday, January 15th. They set a "hold" rating for the company. Morgan Stanley initiated coverage on shares of South Bow in a report on Friday, October 25th. They issued 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. Wells Fargo & Company lowered shares of South Bow from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 18th. Finally, Tudor Pickering upgraded South Bow to a "strong-buy" rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have given 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, South Bow currently has a consensus rating of "Hold" and an average price target of $25.00.
Check Out Our Latest Stock Analysis on SOBO
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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