National Bank Financial Estimates South Bow Q4 Earnings

South Bow Co. (NYSE:SOBO) – National Bank Financial issued their Q4 2024 earnings per share estimates for South Bow in a research report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts 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.

A number of other equities research analysts have also commented on SOBO. US Capital Advisors raised 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 report on Friday, December 27th. Cibc World Mkts upgraded shares of South Bow to a “hold” rating in a report on Friday, October 11th. CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $25.00 in a research note on Thursday, January 9th. Finally, Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.00.

South Bow Price Performance

Shares of SOBO opened at $23.93 on Friday. South Bow has a 52 week low of $21.12 and a 52 week high of $27.30. The business’s 50 day moving average is $24.14.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 8.36%.

Institutional Trading of South Bow

Several hedge funds have recently made changes to their positions in the company. Cibc World Market Inc. purchased a new position in South Bow in the 4th quarter valued at approximately $47,533,000. Jennison Associates LLC purchased a new position in shares of South Bow in the fourth quarter valued at $15,967,000. Miller Howard Investments Inc. NY bought a new stake in shares of South Bow during the 4th quarter valued at $10,260,000. CIBC Asset Management Inc purchased a new stake in South Bow during the 4th quarter worth about $7,453,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in South Bow in the 4th quarter worth about $6,787,000.

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.