South Bow Corporation $SOBO Shares Newly Acquired by Columbus Macro LLC

Columbus Macro LLC purchased a new position in shares of South Bow Corporation (NYSE:SOBO) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 184,122 shares of the company’s stock, valued at approximately $6,108,000.

A number of other institutional investors have also recently bought and sold shares of SOBO. Parallel Advisors LLC increased its position in South Bow by 140.5% during the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after buying an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of South Bow by 78.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock valued at $63,000 after buying an additional 831 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in shares of South Bow in the second quarter valued at approximately $68,000. Integrated Wealth Concepts LLC bought a new position in shares of South Bow during the 2nd quarter worth approximately $81,000. Finally, Nykredit A S bought a new position in shares of South Bow during the 2nd quarter worth approximately $137,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SOBO shares. Weiss Ratings cut South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a research report on Monday, August 10th. Wall Street Zen upgraded shares of South Bow from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Scotiabank upped their price objective on shares of South Bow from $36.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, Barclays lowered shares of South Bow from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $35.00 to $33.00 in a research report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.67.

South Bow Stock Performance

Shares of NYSE:SOBO traded up $0.10 during trading on Wednesday, reaching $34.03. 678,887 shares of the stock were exchanged, compared to its average volume of 872,788. South Bow Corporation has a 12 month low of $25.01 and a 12 month high of $39.02. The firm has a market cap of $7.10 billion, a PE ratio of 15.40 and a beta of 0.22. The stock has a 50-day moving average price of $35.80 and a 200-day moving average price of $35.67. The company has a current ratio of 1.52, a quick ratio of 1.44 and a debt-to-equity ratio of 2.15.

South Bow (NYSE:SOBO) last released its quarterly earnings results 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. South Bow had a return on equity of 15.84% and a net margin of 22.99%. The business had revenue of $546.00 million during the quarter, compared to the consensus estimate of $496.87 million. Research analysts expect that South Bow Corporation will post 1.88 EPS for the current fiscal year.

South Bow Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.00 annualized dividend and a yield of 5.9%. South Bow’s dividend payout ratio (DPR) is presently 90.50%.

About South Bow

South Bow Corp. (NYSE: SOBO) is a midstream energy company focused on the transportation and handling of crude oil. The company owns and operates liquids pipeline infrastructure that connects Western Canadian production with refining and export markets in the United States.

Its principal asset is the Keystone Pipeline System, which transports crude oil from Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. South Bow also operates related gathering, transportation and storage assets that support producers, refiners and other customers across the North American energy network.

South Bow was established as an independent publicly traded company through the separation of TC Energy’s liquids pipelines business, which was completed in 2024.