Capital International Sarl Has $4.13 Million Stock Holdings in South Bow Corporation $SOBO

Capital International Sarl increased its stake in South Bow Corporation (NYSE:SOBO) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,090 shares of the company’s stock after acquiring an additional 25,781 shares during the quarter. Capital International Sarl owned about 0.07% of South Bow worth $4,134,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 645 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of South Bow by 1,993.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock worth $35,000 after purchasing an additional 1,276 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of South Bow by 11,672.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 2,590 shares of the company’s stock valued at $73,000 after purchasing an additional 2,568 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of South Bow during the first quarter worth $85,000. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of South Bow during the third quarter worth $102,000.

South Bow Stock Down 1.0%

Shares of NYSE SOBO opened at $33.04 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 2.19. The firm has a market cap of $6.88 billion, a PE ratio of 15.89 and a beta of 0.29. The company’s fifty day simple moving average is $29.16 and its 200 day simple moving average is $28.00. South Bow Corporation has a 12-month low of $21.16 and a 12-month high of $34.01.

South Bow (NYSE:SOBO) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.21. The firm had revenue of $503.00 million for the quarter, compared to analyst estimates of $500.57 million. South Bow had a net margin of 21.80% and a return on equity of 15.69%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, sell-side analysts forecast that South Bow Corporation will post 1.74 earnings per share for the current fiscal year.

South Bow Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, March 31st. South Bow’s payout ratio is presently 96.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SOBO shares. Morgan Stanley restated an “underweight” rating on shares of South Bow in a report on Tuesday, December 2nd. Weiss Ratings raised South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of South Bow in a research note on Monday, November 17th. Wolfe Research lowered South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 target price on the stock. in a research report on Wednesday, January 14th. Finally, UBS Group initiated coverage on South Bow in a research note on Thursday, December 11th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, South Bow presently has an average rating of “Hold” and a consensus target price of $30.43.

About South Bow

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.