South Bow Co. (NYSE:SOBO) Given Consensus Rating of “Moderate Buy” by Analysts

South Bow Co. (NYSE:SOBO) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a strong buy rating on the company.

Several equities research analysts recently issued reports on SOBO shares. US Capital Advisors raised shares of South Bow to a “strong-buy” rating in a report on Monday, October 28th. Jefferies Financial Group started coverage on South Bow in a report on Tuesday, October 8th. They set a “hold” rating for the company. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Cibc World Mkts upgraded South Bow to a “hold” rating in a research note on Friday, October 11th. Finally, Morgan Stanley began coverage on shares of South Bow in a research note on Friday, October 25th. They issued an “underweight” rating for the company.

South Bow Stock Up 2.7 %

Shares of SOBO stock opened at $23.42 on Friday. South Bow has a one year low of $21.12 and a one year high of $27.30. The company has a fifty day moving average price of $24.65.

South Bow Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.54%. South Bow’s payout ratio is 114.29%.

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.