South Bow Co. (NYSE:SOBO) Receives Average Rating of “Moderate Buy” from Brokerages

South Bow Co. (NYSE:SOBO) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating on the company.

Several research firms recently issued reports on SOBO. Morgan Stanley began coverage on shares of South Bow in a research note on Friday, October 25th. They issued an “underweight” rating for the company. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company downgraded shares of South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Cibc World Mkts upgraded shares of South Bow to a “hold” rating in a research note on Friday, October 11th. Finally, US Capital Advisors raised South Bow to a “strong-buy” rating in a research report on Monday, October 28th.

South Bow Stock Performance

Shares of SOBO stock opened at $23.42 on Friday. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30. The company’s 50-day moving average is $24.65.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.54%. South Bow’s dividend payout ratio (DPR) is 114.29%.

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.