South Bow Corporation (NYSE:SOBO) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of South Bow Corporation (NYSE:SOBO) have been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.00.

SOBO has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of South Bow in a research note on Monday, August 10th. TD Securities reiterated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Weiss Ratings lowered South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. BMO Capital Markets restated a “market perform” rating on shares of South Bow in a research note on Monday, July 6th. Finally, Barclays raised their price target on South Bow from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 7th.

South Bow Stock Up 0.2%

Shares of SOBO stock opened at $33.88 on Thursday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.44 and a current ratio of 1.52. The firm’s 50-day moving average is $36.19 and its 200-day moving average is $35.67. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 15.33 and a beta of 0.22. South Bow has a 52-week low of $25.01 and a 52-week high of $39.02.

South Bow (NYSE:SOBO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $546.00 million during the quarter, compared to analysts’ expectations of $496.87 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%. Sell-side analysts predict that South Bow will post 1.88 EPS for the current year.

South Bow Dividend Announcement

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

Institutional Trading of South Bow

A number of hedge funds have recently modified their holdings of SOBO. Cibc World Market Inc. bought a new stake in South Bow in the 2nd quarter valued at $119,802,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in South Bow during the 2nd quarter worth $97,830,000. Bank of America Corp DE bought a new position in South Bow during the 2nd quarter worth $97,176,000. Legal & General Group Plc acquired a new stake in shares of South Bow during the second quarter worth $62,849,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of South Bow during the second quarter worth $41,216,000.

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.