Souders Financial Advisors Invests $261,000 in South Bow Co. (NYSE:SOBO)

Souders Financial Advisors purchased a new position in shares of South Bow Co. (NYSE:SOBO) during the fourth quarter, Holdings Channel reports. The firm purchased 11,058 shares of the company’s stock, valued at approximately $261,000.

Other large investors have also added to or reduced their stakes in the company. Mutual Advisors LLC acquired a new stake in shares of South Bow in the 4th quarter valued at $517,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of South Bow in the 4th quarter valued at $6,787,000. Cibc World Market Inc. acquired a new stake in shares of South Bow in the 4th quarter valued at $47,533,000. Meixler Investment Management Ltd. acquired a new stake in shares of South Bow in the 4th quarter valued at $683,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of South Bow in the 4th quarter valued at $3,498,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. CIBC raised South Bow from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Tudor Pickering raised South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. TD Securities assumed coverage on South Bow in a report on Wednesday, January 15th. They set a “hold” rating on the stock. Finally, Scotiabank raised their price objective on South Bow from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, South Bow presently has an average rating of “Hold” and a consensus price target of $25.50.

South Bow Stock Performance

Shares of NYSE:SOBO opened at $27.45 on Thursday. The company has a market cap of $5.71 billion and a price-to-earnings ratio of 14.84. South Bow Co. has a 12-month low of $21.12 and a 12-month high of $27.60. The stock’s fifty day moving average is $24.56.

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.