South Bow Co. (NYSE:SOBO) Receives $25.00 Consensus PT from Brokerages

Shares of South Bow Co. (NYSE:SOBO) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. 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 given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.00.

Several analysts have recently issued reports on SOBO shares. Jefferies Financial Group assumed coverage on South Bow in a report on Tuesday, October 8th. They set a “hold” rating on the stock. Morgan Stanley assumed coverage on shares of South Bow in a report on Friday, October 25th. They issued an “underweight” rating on the stock. CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $25.00 in a report on Thursday, January 9th. Cibc World Mkts raised shares of South Bow to a “hold” rating in a research note on Friday, October 11th. Finally, Tudor Pickering upgraded South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th.

South Bow Price Performance

Shares of SOBO stock opened at $24.11 on Tuesday. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30. The company has a 50 day moving average of $24.40.

South Bow Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid 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 8.30%.

Institutional Investors Weigh In On South Bow

Hedge funds have recently added to or reduced their stakes in the business. Mutual Advisors LLC acquired a new stake in shares of South Bow during the fourth quarter worth $517,000. Viking Fund Management LLC acquired a new position in shares of South Bow during the fourth quarter worth approximately $740,000. MassMutual Private Wealth & Trust FSB bought a new position in shares of South Bow in the 4th quarter worth $213,000. Nexus Investment Management ULC acquired a new stake in South Bow in the 4th quarter valued at $2,810,000. Finally, Hennessy Advisors Inc. bought a new stake in South Bow during the 4th quarter valued at $276,000.

South Bow Company 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.