apricus wealth LLC Acquires 13,685 Shares of South Bow Co. (NYSE:SOBO)

apricus wealth LLC boosted its position in shares of South Bow Co. (NYSE:SOBO - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,239 shares of the company's stock after purchasing an additional 13,685 shares during the period. apricus wealth LLC's holdings in South Bow were worth $1,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in shares of South Bow during the 4th quarter valued at $29,000. Wiser Advisor Group LLC purchased a new position in shares of South Bow during the 4th quarter valued at $27,000. BNP Paribas Financial Markets purchased a new position in shares of South Bow during the 4th quarter valued at $29,000. Assetmark Inc. purchased a new position in shares of South Bow during the 4th quarter valued at $33,000. Finally, Sit Investment Associates Inc. purchased a new position in shares of South Bow during the 4th quarter valued at $34,000.

Analyst Ratings Changes

Several research firms have recently commented on SOBO. CIBC cut shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price target on the stock. in a report on Friday, March 7th. Wolfe Research lowered shares of South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of South Bow in a research note on Monday, May 19th. JPMorgan Chase & Co. initiated coverage on shares of South Bow in a research note on Friday, March 28th. They issued a "neutral" rating and a $28.00 price objective for the company. Finally, National Bankshares lifted their price objective on shares of South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $28.60.

South Bow Trading Down 0.9%

South Bow stock traded down $0.25 on Friday, reaching $27.05. 1,292,394 shares of the stock were exchanged, compared to its average volume of 864,170. The stock has a market cap of $5.63 billion and a PE ratio of 14.62. South Bow Co. has a twelve month low of $21.16 and a twelve month high of $27.60. The firm has a fifty day moving average price of $25.33 and a two-hundred day moving average price of $24.94.

South Bow (NYSE:SOBO - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $498.00 million for the quarter, compared to analyst estimates of $527.00 million. South Bow's revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts anticipate that South Bow Co. will post 1.74 EPS for the current fiscal year.

South Bow Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, June 30th. South Bow's dividend payout ratio is currently 108.11%.

South Bow Company 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.