Tacita Capital Inc Invests $301,000 in South Bow Co. (NYSE:SOBO)

Tacita Capital Inc bought a new position in shares of South Bow Co. (NYSE:SOBO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,796 shares of the company’s stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in shares of South Bow during the 4th quarter worth approximately $27,000. Roxbury Financial LLC acquired a new position in shares of South Bow during the 4th quarter worth approximately $29,000. Rhumbline Advisers acquired a new position in shares of South Bow during the 4th quarter worth approximately $34,000. Manitou Investment Management Ltd. purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $40,000. Finally, Canal Insurance CO purchased a new stake in shares of South Bow during the 4th quarter valued at approximately $47,000.

South Bow Trading Down 0.9 %

Shares of NYSE SOBO opened at $26.40 on Tuesday. The firm has a 50 day moving average price of $24.44. The stock has a market capitalization of $5.49 billion and a price-to-earnings ratio of 14.27. South Bow Co. has a 52-week low of $21.12 and a 52-week high of $27.30.

Analyst Ratings Changes

Several research firms have recently commented on SOBO. Scotiabank lifted their price target on shares of South Bow from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $23.00 to $25.00 in a research report on Thursday, January 9th. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lowered shares of South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. Finally, TD Securities began coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.50.

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.