2,526 Shares in South Bow Co. (NYSE:SOBO) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in South Bow Co. (NYSE:SOBO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,526 shares of the company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in shares of South Bow during the fourth quarter worth approximately $27,000. Roxbury Financial LLC purchased a new position in shares of South Bow during the fourth quarter worth approximately $29,000. Assetmark Inc. purchased a new position in shares of South Bow during the fourth quarter worth approximately $33,000. Rhumbline Advisers purchased a new position in shares of South Bow during the fourth quarter worth approximately $34,000. Finally, Manitou Investment Management Ltd. purchased a new position in shares of South Bow during the fourth quarter worth approximately $40,000.

Analyst Upgrades and Downgrades

SOBO has been the topic of a number of research reports. Wells Fargo & Company lowered shares of South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of South Bow in a research report on Friday, March 7th. National Bankshares raised their target price on shares of South Bow from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th. Wolfe Research lowered shares of South Bow from an “outperform” rating to a “peer perform” rating in a report on Friday, March 7th. Finally, CIBC lowered shares of South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.67.

South Bow Trading Down 0.8 %

Shares of SOBO stock opened at $26.45 on Friday. The stock has a market capitalization of $5.50 billion and a price-to-earnings ratio of 14.30. The company’s 50 day simple moving average is $25.02. South Bow Co. has a 52-week low of $21.98 and a 52-week high of $27.60.

South Bow (NYSE:SOBO) last announced its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $488.00 million during the quarter, compared to analyst estimates of $524.87 million. On average, analysts anticipate that South Bow Co. will post 1.74 EPS for the current fiscal year.

South Bow Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 7.56%. South Bow’s dividend payout ratio (DPR) is 108.11%.

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.