South Bow (NYSE:SOBO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of South Bow (NYSE:SOBO) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other equities research analysts also recently commented on SOBO. TD Securities reiterated a “hold” rating on shares of South Bow in a research report on Thursday, July 16th. Scotiabank raised their price target on South Bow from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Raymond James Financial reaffirmed an “outperform” rating on shares of South Bow in a research note on Wednesday, October 14th. Canadian Imperial Bank of Commerce reduced their price objective on South Bow from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, South Bow currently has an average rating of “Hold” and a consensus target price of $32.67.

South Bow Stock Performance

SOBO opened at $32.24 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.44 and a current ratio of 1.52. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 16.86 and a beta of 0.17. The company has a fifty day moving average of $34.86 and a 200 day moving average of $34.55. South Bow has a fifty-two week low of $25.87 and a fifty-two week high of $39.02.

South Bow (NYSE:SOBO) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. South Bow had a net margin of 22.81% and a return on equity of 15.76%. The business had revenue of $503.00 million for the quarter, compared to analysts’ expectations of $476.02 million. As a group, sell-side analysts forecast that South Bow will post 1.83 earnings per share for the current fiscal year.

South Bow Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a $0.50 dividend. The ex-dividend date is Thursday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.2%. South Bow’s payout ratio is 89.69%.

Institutional Trading of South Bow

Several hedge funds have recently made changes to their positions in SOBO. Alps Advisors Inc. lifted its holdings in shares of South Bow by 3.6% in the 3rd quarter. Alps Advisors Inc. now owns 46,781 shares of the company’s stock valued at $1,550,000 after acquiring an additional 1,646 shares during the last quarter. apricus wealth LLC increased its stake in South Bow by 4.2% during the third quarter. apricus wealth LLC now owns 16,000 shares of the company’s stock worth $530,000 after acquiring an additional 650 shares during the last quarter. Miller Howard Investments Inc. NY increased its stake in South Bow by 6.8% during the third quarter. Miller Howard Investments Inc. NY now owns 530,682 shares of the company’s stock worth $17,581,000 after acquiring an additional 33,746 shares during the last quarter. Baskin Financial Services Inc. purchased a new stake in South Bow during the third quarter valued at approximately $1,171,000. Finally, IFP Advisors Inc raised its position in South Bow by 202.6% during the third quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock valued at $81,000 after purchasing an additional 1,643 shares during the period.

About South Bow

South Bow is a North American energy infrastructure company focused on transporting and storing crude oil. Its pipeline network connects production areas in Western Canada with refineries and other markets in Canada and the United States.

The company’s assets include the Keystone Pipeline System, which carries crude from Alberta to destinations in the U.S. Midwest and Gulf Coast, along with other liquids pipeline infrastructure in Canada. South Bow was established as an independent company through the separation of TC Energy’s liquids pipelines business in October 2024.

South Bow is headquartered in Calgary, Alberta.