South Bow Corporation (SOBO) – What Are Investment Firms Thinking About This Stock?

South Bow Corporation (NYSE:SOBO) has been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.50.

Several analysts have issued reports on SOBO shares. Wall Street Zen cut South Bow from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Raymond James Financial reissued an “outperform” rating on shares of South Bow in a research report on Wednesday, October 14th. TD Securities restated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce dropped their price objective on South Bow from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 22nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of South Bow in a research report on Monday, July 6th.

Institutional Trading of South Bow

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of South Bow by 140.5% during the 1st quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in South Bow by 78.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock valued at $63,000 after acquiring an additional 831 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in South Bow in the second quarter valued at approximately $68,000. Integrated Wealth Concepts LLC acquired a new stake in South Bow in the second quarter valued at approximately $81,000. Finally, IFP Advisors Inc boosted its stake in South Bow by 202.6% in the third quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock valued at $81,000 after acquiring an additional 1,643 shares in the last quarter.

South Bow Price Performance

Shares of SOBO opened at $35.96 on Monday. 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 company has a 50 day moving average price of $35.37 and a 200-day moving average price of $34.35. South Bow has a fifty-two week low of $25.01 and a fifty-two week high of $39.02. The stock has a market capitalization of $7.50 billion, a PE ratio of 16.27 and a beta of 0.17.

South Bow (NYSE:SOBO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $546.00 million for the quarter, compared to analyst estimates of $496.87 million. South Bow had a net margin of 22.99% and a return on equity of 15.84%. Equities analysts predict that South Bow will post 1.84 earnings per share for the current fiscal year.

South Bow Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 29th. South Bow’s dividend payout ratio is presently 90.50%.

South Bow Company Profile

South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.