National Bank Financial Weighs in on South Bow Q4 Earnings

South Bow Co. (NYSE:SOBO) – Analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of South Bow in a report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will earn $0.42 per share for the quarter. The consensus estimate for South Bow’s current full-year earnings is $1.73 per share.

A number of other equities analysts have also recently weighed in on SOBO. TD Securities initiated coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a “hold” rating on the stock. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Cibc World Mkts raised South Bow to a “hold” rating in a report on Friday, October 11th. Scotiabank upgraded South Bow to a “hold” rating in a research report on Friday, December 27th. Finally, CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and upped their price target for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Two investment 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

South Bow Trading Down 1.7 %

NYSE SOBO opened at $24.22 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 simple moving average of $24.23.

Institutional Trading of South Bow

A number of hedge funds have recently made changes to their positions in the company. Cibc World Market Inc. purchased a new position in South Bow in the fourth quarter valued at about $47,533,000. Jennison Associates LLC acquired a new position in shares of South Bow in the 4th quarter valued at approximately $15,967,000. Miller Howard Investments Inc. NY purchased a new position in shares of South Bow during the 4th quarter valued at approximately $10,260,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of South Bow during the fourth quarter worth approximately $6,787,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of South Bow in the fourth quarter worth $5,427,000.

South Bow Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.26%. The ex-dividend date of this dividend is Tuesday, December 31st.

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.