Wiser Advisor Group LLC Takes Position in South Bow Co. (NYSE:SOBO)

Wiser Advisor Group LLC bought a new stake in South Bow Co. (NYSE:SOBO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,135 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also made changes to their positions in the stock. Cibc World Market Inc. bought a new stake in shares of South Bow in the fourth quarter valued at about $47,533,000. Jennison Associates LLC bought a new stake in shares of South Bow in the fourth quarter valued at about $15,967,000. Miller Howard Investments Inc. NY bought a new stake in shares of South Bow in the fourth quarter valued at about $10,260,000. CIBC Asset Management Inc bought a new stake in shares of South Bow in the fourth quarter valued at about $7,453,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in South Bow during the fourth quarter worth about $6,787,000.

South Bow Stock Up 0.1 %

NYSE:SOBO opened at $26.62 on Friday. South Bow Co. has a 1 year low of $21.12 and a 1 year high of $27.30. The firm has a 50 day moving average price of $24.39. The company has a market capitalization of $5.54 billion and a PE ratio of 14.39.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SOBO shares. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. TD Securities started coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a “hold” rating for the company. CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $23.00 to $25.00 in a research note on Thursday, January 9th. Scotiabank raised their price target on shares of South Bow from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.50.

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.