apricus wealth LLC Invests $1.40 Million in South Bow Co. (NYSE:SOBO)

apricus wealth LLC purchased a new stake in South Bow Co. (NYSE:SOBO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 59,554 shares of the company’s stock, valued at approximately $1,404,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SOBO. Hennessy Advisors Inc. acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $276,000. Nexus Investment Management ULC acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $2,810,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $213,000. Viking Fund Management LLC acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $740,000. Finally, Mutual Advisors LLC acquired a new stake in South Bow during the 4th quarter worth $517,000.

Wall Street Analyst Weigh In

A number of analysts have commented on SOBO shares. Jefferies Financial Group started coverage on shares of South Bow in a report on Tuesday, October 8th. They set a “hold” rating for the company. Morgan Stanley started coverage on shares of South Bow in a report on Friday, October 25th. They set an “underweight” rating for the company. CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $23.00 to $25.00 in a report on Thursday, January 9th. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, TD Securities started coverage on shares of South Bow in a report on Wednesday, January 15th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $25.00.

South Bow Trading Up 1.4 %

Shares of NYSE SOBO opened at $24.36 on Friday. The stock’s fifty day moving average price is $24.35. South Bow Co. has a twelve month low of $21.12 and a twelve month high of $27.30.

South Bow Announces Dividend

The company also recently declared 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 8.21%.

South Bow 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.