South Bow Corporation $SOBO Shares Newly Acquired by Baskin Financial Services Inc.

Baskin Financial Services Inc. bought a new position in shares of South Bow Corporation (NYSE:SOBO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,380 shares of the company’s stock, valued at approximately $1,171,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Steadtrust LLC increased its position in shares of South Bow by 0.9% in the 2nd quarter. Steadtrust LLC now owns 33,920 shares of the company’s stock valued at $1,195,000 after acquiring an additional 300 shares during the period. Parallel Advisors LLC raised its stake in South Bow by 140.5% in the 1st quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares during the last quarter. apricus wealth LLC lifted its position in South Bow by 4.1% during the 1st quarter. apricus wealth LLC now owns 15,180 shares of the company’s stock worth $506,000 after acquiring an additional 600 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in South Bow by 14.3% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 5,882 shares of the company’s stock worth $207,000 after acquiring an additional 738 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in South Bow by 78.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock worth $63,000 after acquiring an additional 831 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SOBO. Wall Street Zen downgraded South Bow from a “hold” rating to a “sell” rating in a research note on Saturday. TD Securities restated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Scotiabank lifted their target price on South Bow from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. BMO Capital Markets reiterated a “market perform” rating on shares of South Bow in a research report on Monday, July 6th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of South Bow in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, South Bow presently has an average rating of “Hold” and an average target price of $32.67.

South Bow Stock Performance

Shares of South Bow stock traded down $0.35 during trading on Monday, hitting $34.34. 192,418 shares of the company’s stock were exchanged, compared to its average volume of 869,708. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 15.55 and a beta of 0.22. The business has a 50-day simple moving average of $35.72 and a 200-day simple moving average of $35.67. South Bow Corporation has a 52-week low of $25.01 and a 52-week high of $39.02. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.44 and a current ratio of 1.52.

South Bow (NYSE:SOBO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $546.00 million for the quarter, compared to analyst estimates of $496.87 million. South Bow had a net margin of 22.99% and a return on equity of 15.84%. On average, research analysts forecast that South Bow Corporation will post 1.87 EPS for the current year.

South Bow Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 29th. South Bow’s payout ratio is 90.50%.

About South Bow

South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.