10,531 Shares in South Bow Co. (NYSE:SOBO) Purchased by Lipe & Dalton

Lipe & Dalton acquired a new position in South Bow Co. (NYSE:SOBO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,531 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in South Bow in the 4th quarter worth about $29,000. Rhumbline Advisers purchased a new position in shares of South Bow during the fourth quarter worth approximately $34,000. Manitou Investment Management Ltd. purchased a new position in shares of South Bow during the fourth quarter worth approximately $40,000. Canal Insurance CO purchased a new position in South Bow during the 4th quarter worth $47,000. Finally, CENTRAL TRUST Co purchased a new position in South Bow during the 4th quarter worth $48,000.

South Bow Stock Performance

NYSE SOBO opened at $25.44 on Friday. The business has a fifty day moving average price of $24.09. South Bow Co. has a 12-month low of $21.12 and a 12-month high of $27.30.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SOBO. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. TD Securities initiated coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a “hold” rating on the stock. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, CIBC upgraded South Bow from a “neutral” rating to an “outperform” rating and upped their target price for the stock 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 given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, South Bow presently has an average rating of “Hold” and a consensus target price of $25.50.

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.