Centerstone Investors LLC Acquires New Position in South Bow Co. (NYSE:SOBO)

Centerstone Investors LLC acquired a new stake in shares of South Bow Co. (NYSE:SOBO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,529 shares of the company's stock, valued at approximately $296,000. South Bow comprises about 0.4% of Centerstone Investors LLC's investment portfolio, making the stock its 27th biggest position.

Several other institutional investors also recently bought and sold shares of SOBO. Wiser Advisor Group LLC purchased a new stake in shares of South Bow during the 4th quarter valued at about $27,000. Roxbury Financial LLC bought a new position in shares of South Bow in the 4th quarter worth approximately $29,000. BNP Paribas Financial Markets bought a new stake in South Bow during the 4th quarter worth approximately $29,000. Assetmark Inc. bought a new stake in South Bow during the 4th quarter worth approximately $33,000. Finally, Rhumbline Advisers bought a new stake in South Bow during the 4th quarter worth approximately $34,000.

South Bow Price Performance

SOBO stock opened at $25.95 on Friday. The business has a 50-day moving average price of $25.01 and a 200 day moving average price of $24.78. The company has a market capitalization of $5.40 billion and a P/E ratio of 14.03. South Bow Co. has a 1-year low of $21.16 and a 1-year high of $27.60.

South Bow (NYSE:SOBO - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. The firm had revenue of $498.00 million during the quarter, compared to the consensus estimate of $527.00 million. The business's quarterly revenue was down 8.5% compared to the same quarter last year. On average, analysts anticipate that South Bow Co. will post 1.74 earnings per share for the current fiscal year.

South Bow Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 7.71%. South Bow's payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SOBO shares. Scotiabank lifted their price objective on shares of South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a research 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 set a $38.00 price objective on shares of South Bow in a research note on Monday. CIBC downgraded South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 target price for the company. in a research report on Friday, March 7th. Finally, National Bankshares lifted their target price on South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $28.60.

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.

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