YANKCOM Partnership Buys Shares of 2,420 South Bow Co. (NYSE:SOBO)

YANKCOM Partnership bought a new stake in South Bow Co. (NYSE:SOBO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,420 shares of the company’s stock, valued at approximately $57,000.

Several other large investors also recently added to or reduced their stakes in the stock. Cibc World Market Inc. purchased a new stake in South Bow in the 4th quarter valued at $47,533,000. Jennison Associates LLC purchased a new stake in South Bow in the 4th quarter valued at $15,967,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in South Bow in the 4th quarter valued at $6,787,000. Exchange Traded Concepts LLC purchased a new stake in South Bow in the 4th quarter valued at $5,427,000. Finally, Nexus Investment Management ULC purchased a new position in shares of South Bow during the 4th quarter worth $2,810,000.

Wall Street Analysts Forecast Growth

SOBO has been the subject of a number of recent analyst reports. CIBC raised South Bow from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $23.00 to $25.00 in a research report on Thursday, January 9th. TD Securities initiated coverage on South Bow in a research report on Wednesday, January 15th. They set a “hold” rating for the company. Scotiabank raised South Bow to a “hold” rating in a research report on Friday, December 27th. Cibc World Mkts raised South Bow to a “hold” rating in a research report on Friday, October 11th. Finally, Morgan Stanley initiated coverage on South Bow in a research report on Friday, October 25th. They set an “underweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, South Bow presently has a consensus rating of “Hold” and an average target price of $25.00.

South Bow Price Performance

NYSE SOBO opened at $24.61 on Friday. The firm has a 50-day moving average price of $24.09. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30.

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.