Brokers Issue Forecasts for South Bow Q1 Earnings

South Bow Co. (NYSE:SOBO - Free Report) - Analysts at National Bank Financial issued their Q1 2025 EPS estimates for shares of South Bow in a research report issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.43 for the quarter. The consensus estimate for South Bow's current full-year earnings is $1.74 per share.

A number of other analysts have also weighed in on the company. Scotiabank upped their target price on South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. TD Securities assumed coverage on South Bow in a research report on Wednesday, January 15th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating on shares of South Bow in a report on Friday, March 7th. National Bankshares raised their price target on shares of South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of South Bow in a research note on Friday, March 28th. They set a "neutral" rating and a $28.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, South Bow presently has an average rating of "Hold" and a consensus price target of $26.25.

South Bow Trading Up 0.9 %

Shares of SOBO traded up $0.23 during mid-day trading on Thursday, hitting $25.34. The company's stock had a trading volume of 61,045 shares, compared to its average volume of 908,008. The company's 50-day moving average is $25.14 and its 200-day moving average is $24.67. South Bow has a 52-week low of $21.16 and a 52-week high of $27.60. The firm has a market capitalization of $5.28 billion and a price-to-earnings ratio of 13.69.

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 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.

South Bow Announces Dividend

The firm also recently disclosed 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 was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.89%. South Bow's payout ratio is currently 108.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC raised its stake in shares of South Bow by 6.7% during the 1st quarter. Catalyst Capital Advisors LLC now owns 224,579 shares of the company's stock valued at $5,731,000 after buying an additional 14,200 shares during the last quarter. Mutual Advisors LLC lifted its holdings in South Bow by 23.5% in the first quarter. Mutual Advisors LLC now owns 27,505 shares of the company's stock valued at $685,000 after acquiring an additional 5,229 shares during the period. Miller Howard Investments Inc. NY boosted its position in South Bow by 87.8% in the 1st quarter. Miller Howard Investments Inc. NY now owns 817,558 shares of the company's stock worth $20,864,000 after purchasing an additional 382,276 shares in the last quarter. Wealthquest Corp acquired a new stake in shares of South Bow during the 1st quarter worth approximately $18,580,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of South Bow during the 1st quarter worth approximately $1,351,000.

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.