South Bow Co. (NYSE:SOBO) Given Consensus Rating of "Hold" by Analysts

Shares of South Bow Co. (NYSE:SOBO - Get Free Report) have been given a consensus rating of "Hold" by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.25.

A number of research firms have commented on SOBO. Wolfe Research lowered South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. TD Securities started coverage on South Bow in a research note on Wednesday, January 15th. They issued a "hold" rating for the company. National Bankshares upped their price objective on South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of South Bow in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. began coverage on shares of South Bow in a research report on Friday, March 28th. They set a "neutral" rating and a $28.00 target price for the company.

Institutional Investors Weigh In On South Bow

Several hedge funds and other institutional investors have recently bought and sold shares of SOBO. Wiser Advisor Group LLC acquired a new position in South Bow in the 4th quarter worth approximately $27,000. Roxbury Financial LLC purchased a new position in shares of South Bow during the fourth quarter valued at $29,000. BNP Paribas Financial Markets acquired a new position in South Bow during the fourth quarter valued at $29,000. Louisbourg Investments Inc. acquired a new position in South Bow during the first quarter valued at $31,000. Finally, Assetmark Inc. purchased a new stake in South Bow in the 4th quarter worth about $33,000.

South Bow Stock Up 0.5 %

Shares of SOBO traded up $0.13 during trading hours on Thursday, reaching $25.24. 19,224 shares of the company traded hands, compared to its average volume of 907,690. South Bow has a fifty-two week low of $21.16 and a fifty-two week high of $27.60. The stock has a market capitalization of $5.25 billion and a PE ratio of 13.62. The stock has a fifty day simple moving average of $25.14 and a 200 day simple moving average of $24.67.

South Bow (NYSE:SOBO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The company had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million. Research analysts predict that South Bow will post 1.74 EPS for the current fiscal year.

South Bow Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.93%. The ex-dividend date was Monday, March 31st. South Bow's dividend payout ratio (DPR) is presently 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.