TD Waterhouse Canada Inc. Purchases 93,805 Shares of South Bow Corporation $SOBO

TD Waterhouse Canada Inc. grew its stake in South Bow Corporation (NYSE:SOBO) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,336,103 shares of the company’s stock after buying an additional 93,805 shares during the period. TD Waterhouse Canada Inc.’s holdings in South Bow were worth $36,700,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Aviso Financial Inc. lifted its stake in shares of South Bow by 8.2% in the 3rd quarter. Aviso Financial Inc. now owns 5,200 shares of the company’s stock valued at $147,000 after purchasing an additional 394 shares during the period. Quantinno Capital Management LP lifted its stake in shares of South Bow by 4.9% in the 2nd quarter. Quantinno Capital Management LP now owns 10,175 shares of the company’s stock valued at $264,000 after purchasing an additional 478 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of South Bow by 157.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after purchasing an additional 645 shares during the period. City Holding Co. lifted its stake in shares of South Bow by 277.4% in the 4th quarter. City Holding Co. now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 735 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of South Bow by 4.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 24,292 shares of the company’s stock valued at $629,000 after purchasing an additional 988 shares during the period.

Wall Street Analysts Forecast Growth

SOBO has been the topic of a number of analyst reports. The Goldman Sachs Group set a $29.00 price target on South Bow and gave the company a “sell” rating in a research note on Monday. Barclays increased their price target on South Bow from $27.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 9th. Wolfe Research downgraded South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 price target on the stock. in a research note on Wednesday, January 14th. Weiss Ratings raised South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, National Bank Financial increased their price target on South Bow from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, South Bow has an average rating of “Reduce” and a consensus price target of $30.38.

South Bow Stock Performance

Shares of South Bow stock opened at $32.11 on Monday. The company has a market capitalization of $6.70 billion, a PE ratio of 15.44 and a beta of 0.15. South Bow Corporation has a 12 month low of $23.96 and a 12 month high of $34.90. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 2.13. The stock’s fifty day simple moving average is $32.52 and its 200 day simple moving average is $29.09.

South Bow (NYSE:SOBO) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.40 by $0.21. The business had revenue of $503.00 million for the quarter, compared to the consensus estimate of $500.57 million. South Bow had a return on equity of 15.55% and a net margin of 21.80%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, research analysts predict that South Bow Corporation will post 1.74 EPS for the current year.

South Bow Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, March 31st. South Bow’s dividend payout ratio (DPR) is presently 96.15%.

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.