13,597 Shares in South Bow Co. (NYSE:SOBO) Purchased by Axa S.A.

AXA S.A. bought a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,597 shares of the company's stock, valued at approximately $320,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Roxbury Financial LLC acquired a new position in South Bow in the fourth quarter worth $29,000. Wiser Advisor Group LLC acquired a new stake in shares of South Bow during the fourth quarter worth $27,000. Assetmark Inc. acquired a new stake in shares of South Bow during the fourth quarter worth $33,000. Sit Investment Associates Inc. acquired a new stake in shares of South Bow during the fourth quarter worth $34,000. Finally, Rhumbline Advisers acquired a new stake in shares of South Bow during the fourth quarter worth $34,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SOBO shares. CIBC lowered 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. Wolfe Research lowered South Bow from an "outperform" rating to a "peer 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 research report on Friday, March 7th. Scotiabank increased their target price on South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. started coverage on South Bow in a research report on Friday, March 28th. They issued a "neutral" rating and a $28.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.25.

South Bow Price Performance

Shares of SOBO traded up $0.59 during trading hours on Wednesday, reaching $25.86. 516,972 shares of the company's stock traded hands, compared to its average volume of 881,403. The firm has a market capitalization of $5.38 billion and a price-to-earnings ratio of 13.98. South Bow Co. has a twelve month low of $21.16 and a twelve month high of $27.60. The business's fifty day simple moving average is $24.97 and its two-hundred day simple moving average is $24.73.

South Bow (NYSE:SOBO - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. The firm had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million. On average, equities research analysts expect that South Bow Co. will post 1.74 EPS for the current year.

South Bow Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend was Monday, March 31st. South Bow's payout ratio is currently 108.11%.

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.