Aviso Financial Inc. Takes Position in South Bow Co. (NYSE:SOBO)

Aviso Financial Inc. acquired a new position in South Bow Co. (NYSE:SOBO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,871 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SOBO. Wiser Advisor Group LLC purchased a new position in shares of South Bow during the 4th quarter worth $27,000. Roxbury Financial LLC acquired a new position in South Bow in the fourth quarter valued at about $29,000. Assetmark Inc. purchased a new position in South Bow during the fourth quarter worth about $33,000. Rhumbline Advisers acquired a new stake in shares of South Bow during the fourth quarter valued at about $34,000. Finally, Manitou Investment Management Ltd. purchased a new stake in shares of South Bow in the 4th quarter valued at approximately $40,000.

South Bow Price Performance

SOBO opened at $25.88 on Friday. The firm has a market cap of $5.38 billion and a PE ratio of 13.99. The business’s fifty day moving average is $24.74. South Bow Co. has a 12 month low of $21.98 and a 12 month high of $27.60.

South Bow (NYSE:SOBO) last released its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $524.87 million. As a group, equities research analysts anticipate that South Bow Co. will post 1.74 EPS for the current year.

South Bow Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Scotiabank lifted their price objective on South Bow from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. National Bankshares raised their target price on South Bow from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. Finally, CIBC lowered shares of South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, South Bow presently has a consensus rating of “Hold” and an average price target of $25.67.

About South Bow

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.