TD Asset Management Inc Buys 229,806 Shares of South Bow Corporation $SOBO

TD Asset Management Inc increased its stake in South Bow Corporation (NYSE:SOBO) by 15.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,696,527 shares of the company’s stock after purchasing an additional 229,806 shares during the quarter. TD Asset Management Inc owned 0.81% of South Bow worth $48,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SOBO. EverSource Wealth Advisors LLC lifted its holdings in shares of South Bow by 157.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after buying an additional 645 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in South Bow by 1,993.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock valued at $35,000 after acquiring an additional 1,276 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in South Bow by 11,672.7% in the third quarter. Cornerstone Planning Group LLC now owns 2,590 shares of the company’s stock valued at $73,000 after acquiring an additional 2,568 shares during the period. Cubist Systematic Strategies LLC purchased a new position in South Bow in the first quarter worth about $85,000. Finally, Mondrian Investment Partners LTD bought a new stake in shares of South Bow during the 3rd quarter valued at about $102,000.

Analysts Set New Price Targets

SOBO has been the subject of several research reports. Scotiabank reaffirmed a “sector perform” rating and set a $30.00 price target on shares of South Bow in a research report on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating on shares of South Bow in a research report on Monday, November 17th. Wolfe Research cut shares of South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 target price for the company. in a report on Wednesday, January 14th. Jefferies Financial Group upgraded shares of South Bow from a “hold” rating to a “buy” rating in a research report on Monday, December 15th. Finally, Weiss Ratings raised shares of South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, South Bow currently has an average rating of “Hold” and an average target price of $29.00.

South Bow Stock Up 0.1%

SOBO opened at $32.15 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.28 and a current ratio of 1.36. South Bow Corporation has a fifty-two week low of $21.16 and a fifty-two week high of $33.21. The firm’s fifty day moving average is $28.47 and its 200 day moving average is $27.73. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 20.22 and a beta of 0.47.

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.