Souders Financial Advisors Buys Shares of 11,058 South Bow Co. (NYSE:SOBO)

Souders Financial Advisors bought a new stake in South Bow Co. (NYSE:SOBO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,058 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Roxbury Financial LLC acquired a new position in South Bow in the fourth quarter valued at about $29,000. Wiser Advisor Group LLC acquired a new position in shares of South Bow during the fourth quarter worth about $27,000. Rhumbline Advisers acquired a new position in shares of South Bow during the fourth quarter worth about $34,000. Manitou Investment Management Ltd. acquired a new position in shares of South Bow during the fourth quarter worth about $40,000. Finally, Canal Insurance CO acquired a new position in shares of South Bow during the fourth quarter worth about $47,000.

South Bow Stock Up 3.8 %

Shares of NYSE SOBO opened at $27.45 on Thursday. The company’s 50 day moving average is $24.56. South Bow Co. has a 52 week low of $21.12 and a 52 week high of $27.60. The firm has a market capitalization of $5.71 billion and a PE ratio of 14.84.

Wall Street Analyst Weigh In

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