Brokerages Set South Bow Co. (NYSE:SOBO) PT at $25.00

South Bow Co. (NYSE:SOBO) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.00.

Several research firms have weighed in on SOBO. Cibc World Mkts upgraded shares of South Bow to a “hold” rating in a report on Friday, October 11th. TD Securities assumed coverage on South Bow in a research report on Wednesday. They set a “hold” rating for the company. Jefferies Financial Group initiated coverage on shares of South Bow in a report on Tuesday, October 8th. They issued a “hold” rating on the stock. US Capital Advisors raised shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Tudor Pickering upgraded South Bow to a “strong-buy” rating in a report on Tuesday, November 19th.

South Bow Trading Up 3.8 %

SOBO stock opened at $24.11 on Tuesday. The business’s 50-day moving average is $24.42. South Bow has a 52 week low of $21.12 and a 52 week high of $27.30.

South Bow Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date is Tuesday, December 31st.

Institutional Inflows and Outflows

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

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.