National Bank Financial Comments on South Bow Q4 Earnings

South Bow Co. (NYSE:SOBO) – Analysts at National Bank Financial issued their Q4 2024 EPS estimates for South Bow in a research note issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $0.42 for the quarter. The consensus estimate for South Bow’s current full-year earnings is $1.73 per share.

Other equities analysts have also issued research reports about the stock. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Scotiabank upgraded shares of South Bow to a “hold” rating in a research report on Friday, December 27th. Cibc World Mkts raised South Bow to a “hold” rating in a report on Friday, October 11th. Morgan Stanley began coverage on South Bow in a report on Friday, October 25th. They issued an “underweight” rating for the company. Finally, Jefferies Financial Group initiated coverage on South Bow in a research report on Tuesday, October 8th. They issued 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, South Bow presently has a consensus rating of “Hold” and an average price target of $25.00.

South Bow Stock Performance

Shares of South Bow stock opened at $24.22 on Friday. South Bow has a twelve month low of $21.12 and a twelve month high of $27.30. The business’s 50 day moving average is $24.23.

South Bow Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 8.26%.

Institutional Investors Weigh In On South Bow

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOBO. Roxbury Financial LLC bought a new position in shares of South Bow during the 4th quarter valued at about $29,000. Rhumbline Advisers acquired a new stake in South Bow during the fourth quarter valued at approximately $34,000. Manitou Investment Management Ltd. acquired a new stake in South Bow during the fourth quarter valued at approximately $40,000. Canal Insurance CO bought a new stake in South Bow during the fourth quarter worth approximately $47,000. Finally, CENTRAL TRUST Co acquired a new position in South Bow in the fourth quarter worth approximately $48,000.

About South Bow

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.