9 hours Ago By Defense World Staff
Geode Capital Management LLC bought a new stake in South Bow Co. ( NYSE:SOBO – Free Report ) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 203,780 shares of the company’s stock, valued at approximately $4,803,000.
Geode Capital Management LLC owned 0.10% of South Bow at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SOBO.
Franklin Resources Inc. bought a new stake in shares of South Bow during the fourth quarter valued at approximately $3,545,000. Alliancebernstein L.
P. bought a new stake in South Bow during the 4th quarter valued at $4,791,000. Clearbridge Investments LLC acquired a new position in South Bow during the fourth quarter worth $2,609,000.
ClearBridge Investments Ltd bought a new position in shares of South Bow in the fourth quarter valued at $95,987,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of South Bow during the fourth quarter valued at about $1,056,000. Analyst Upgrades and Downgrades SOBO has been the subject of a number of analyst reports.
Scotiabank lifted their price target on South Bow from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th.
CIBC cut South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Friday, March 7th.
National Bankshares increased their price target on South Bow from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Friday, March 7th.
Royal Bank of Canada reaffirmed an “outperform” rating on shares of South Bow in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. started coverage on shares of South Bow in a report on Friday, March 28th.
They issued a “neutral” rating and a $28.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company.
Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.25. South Bow Stock Up 0.
7 % South Bow stock opened at $24.91 on Friday. The company has a market capitalization of $5.
19 billion and a P/E ratio of 13.46. The firm has a 50 day moving average price of $25.
14 and a 200-day moving average price of $24.65. South Bow Co.
has a twelve month low of $21.16 and a twelve month high of $27.60.
South Bow ( NYSE:SOBO – Get Free Report ) last issued its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) 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 the consensus estimate of $524.87 million. Equities analysts expect that South Bow Co.
will post 1.74 EPS for the current fiscal year. South Bow Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st.
This represents a $2.00 annualized dividend and a dividend yield of 8.03%.
South Bow’s payout ratio is 108.11%. About South Bow ( Free Report ) 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. Further Reading Five stocks we like better than South Bow 2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Markets Think Robinhood Earnings Could Send the Stock Up Do ETFs Pay Dividends? What You Need to Know Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? 3 Small Caps With Big Return Potential AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for South Bow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Bow and related companies with MarketBeat.
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