Capital Fund Management S.A. Makes New $330,000 Investment in South Bow Co. (NYSE:SOBO)

Capital Fund Management S.A. bought a new position in shares of South Bow Co. (NYSE:SOBO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,995 shares of the company's stock, valued at approximately $330,000.

A number of other institutional investors have also made changes to their positions in SOBO. Roxbury Financial LLC purchased a new position in shares of South Bow during the 4th quarter worth approximately $29,000. Wiser Advisor Group LLC acquired a new position in South Bow during the fourth quarter worth $27,000. Assetmark Inc. purchased a new position 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 in the fourth quarter valued at $34,000. Finally, Rhumbline Advisers purchased a new stake in shares of South Bow in the 4th quarter valued at $34,000.

Analysts Set New Price Targets

SOBO has been the subject of several research reports. JPMorgan Chase & Co. assumed coverage on South Bow in a research report on Friday, March 28th. They issued a "neutral" rating and a $28.00 target price for the company. TD Securities began coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a "hold" rating for the company. National Bankshares increased their target price on shares of South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. CIBC downgraded shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price target for the company. in a research note on Friday, March 7th. Finally, Wolfe Research cut South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.25.

South Bow Price Performance

Shares of South Bow stock traded up $0.18 during trading on Tuesday, hitting $24.32. 429,098 shares of the stock were exchanged, compared to its average volume of 929,282. The stock has a market cap of $5.06 billion and a price-to-earnings ratio of 13.15. The firm's 50-day moving average price is $25.13 and its 200 day moving average price is $24.64. South Bow Co. has a 12-month low of $21.16 and a 12-month high of $27.60.

South Bow (NYSE:SOBO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million. As a group, research analysts forecast that South Bow Co. will post 1.74 earnings per share for the current year.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a yield of 8.22%. South Bow's dividend payout ratio is currently 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.