Triasima Portfolio Management inc. bought a new stake in South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,055 shares of the company's stock, valued at approximately $803,000.
A number of other hedge funds have also made changes to their positions in the company. Manitou Investment Management Ltd. purchased a new stake in shares of South Bow in the fourth quarter valued at about $40,000. Canal Insurance CO purchased a new stake in shares of South Bow in the fourth quarter valued at $47,000. CENTRAL TRUST Co acquired a new stake in shares of South Bow during the fourth quarter valued at $48,000. YANKCOM Partnership purchased a new stake in South Bow during the 4th quarter worth about $57,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in South Bow in the 4th quarter valued at about $213,000.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on SOBO shares. CIBC raised shares of South Bow from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. Tudor Pickering upgraded 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 report on Monday, October 28th. Wells Fargo & Company cut South Bow from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 18th. Finally, Scotiabank raised shares of South Bow to a "hold" rating in a research report on Friday, December 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.00.
Get Our Latest Stock Analysis on South Bow
South Bow Stock Performance
NYSE SOBO traded up $0.25 during mid-day trading on Tuesday, hitting $25.05. The company's stock had a trading volume of 172,958 shares, compared to its average volume of 736,067. South Bow Co. has a 52-week low of $21.12 and a 52-week high of $27.30. The company has a fifty day moving average price of $24.05.
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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