1,737 Shares in South Bow Co. (NYSE:SOBO) Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. acquired a new stake in South Bow Co. (NYSE:SOBO) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,737 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also recently added to or reduced their stakes in SOBO. Hennessy Advisors Inc. purchased a new position in shares of South Bow during the 4th quarter valued at $276,000. Nexus Investment Management ULC acquired a new position in South Bow in the 4th quarter worth about $2,810,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of South Bow during the 4th quarter worth about $213,000. Viking Fund Management LLC acquired a new stake in shares of South Bow during the 4th quarter valued at about $740,000. Finally, Mutual Advisors LLC bought a new stake in shares of South Bow in the 4th quarter valued at approximately $517,000.

South Bow Stock Up 1.3 %

South Bow stock opened at $25.87 on Thursday. The business has a 50-day simple moving average of $25.38. South Bow Co. has a 52 week low of $21.98 and a 52 week high of $27.60. The company has a market capitalization of $5.38 billion and a price-to-earnings ratio of 13.98.

South Bow (NYSE:SOBO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The business had revenue of $488.00 million during the quarter, compared to the consensus estimate of $524.87 million. On average, analysts predict that South Bow Co. will post 1.74 earnings per share for the current year.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Monday, March 31st. South Bow’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SOBO. Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating on shares of South Bow in a report on Friday, March 7th. Wolfe Research lowered South Bow from an “outperform” rating to a “peer perform” rating in a report on Friday, March 7th. TD Securities began coverage on South Bow in a research note on Wednesday, January 15th. They set a “hold” rating for the company. Finally, CIBC downgraded South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.25.

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.