Tacita Capital Inc Acquires Shares of 12,796 South Bow Co. (NYSE:SOBO)

Tacita Capital Inc acquired a new stake in South Bow Co. (NYSE:SOBO) in the 4th quarter, Holdings Channel reports. The fund acquired 12,796 shares of the company’s stock, valued at approximately $301,000.

Several other large investors also recently bought and sold shares of the stock. Cibc World Market Inc. acquired a new stake in shares of South Bow during the fourth quarter worth about $47,533,000. Jennison Associates LLC acquired a new stake in shares of South Bow during the fourth quarter worth about $15,967,000. Miller Howard Investments Inc. NY acquired a new stake in shares of South Bow during the fourth quarter worth about $10,260,000. CIBC Asset Management Inc acquired a new stake in shares of South Bow during the fourth quarter worth about $7,453,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of South Bow during the fourth quarter worth about $6,787,000.

South Bow Stock Performance

Shares of South Bow stock opened at $26.40 on Tuesday. South Bow Co. has a 12-month low of $21.12 and a 12-month high of $27.30. The stock has a market capitalization of $5.49 billion and a PE ratio of 14.27. The firm has a 50-day moving average of $24.44.

Wall Street Analyst Weigh In

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