Tacita Capital Inc bought a new position in shares of South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,796 shares of the company's stock, valued at approximately $301,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in shares of South Bow during the 4th quarter worth approximately $27,000. Roxbury Financial LLC acquired a new position in shares of South Bow during the 4th quarter worth approximately $29,000. Rhumbline Advisers acquired a new position in shares of South Bow during the 4th quarter worth approximately $34,000. Manitou Investment Management Ltd. purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $40,000. Finally, Canal Insurance CO purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $47,000.
South Bow Trading Down 0.9 %
Shares of NYSE SOBO opened at $26.40 on Tuesday. The firm has a 50 day moving average price of $24.44. The stock has a market capitalization of $5.49 billion and a price-to-earnings ratio of 14.27. South Bow Co. has a 52-week low of $21.12 and a 52-week high of $27.30.
Analyst Ratings Changes
Several research firms have recently commented on SOBO. Scotiabank lifted their price target on shares of South Bow from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. CIBC raised shares of South Bow from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. Tudor Pickering raised shares of South Bow to a "strong-buy" rating in a research report on Tuesday, November 19th. Wells Fargo & Company lowered shares of South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Finally, TD Securities began coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a "hold" rating on the stock. Two investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $25.50.
Read Our Latest Report 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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