Americana Partners LLC Acquires Shares of 15,370 South Bow Co. (NYSE:SOBO)

Americana Partners LLC acquired a new stake in shares of South Bow Co. (NYSE:SOBO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,370 shares of the company’s stock, valued at approximately $362,000.

A number of other hedge funds have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of South Bow in the fourth quarter worth about $29,000. Rhumbline Advisers bought a new position in shares of South Bow in the fourth quarter worth about $34,000. Manitou Investment Management Ltd. bought a new position in shares of South Bow in the fourth quarter worth about $40,000. Canal Insurance CO bought a new position in shares of South Bow in the fourth quarter worth about $47,000. Finally, CENTRAL TRUST Co bought a new position in shares of South Bow in the fourth quarter worth about $48,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on SOBO shares. TD Securities started coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a “hold” rating on the stock. Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a report on Monday, October 28th. Finally, CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $23.00 to $25.00 in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.50.

South Bow Trading Down 0.4 %

Shares of South Bow stock opened at $24.67 on Wednesday. South Bow Co. has a 1 year low of $21.12 and a 1 year high of $27.30. The business’s 50-day simple moving average is $24.05. The company has a market cap of $5.12 billion and a PE ratio of 13.34.

South Bow 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.