Hennessy Advisors Inc. Buys New Shares in South Bow Co. (NYSE:SOBO)

Posted by Maddie Sorensen on Jan 19th, 2025

Hennessy Advisors Inc. purchased a new position in shares of South Bow Co. (NYSE:SOBO – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,700 shares of the company’s stock, valued at approximately $276,000.

Wall Street Analysts Forecast Growth

SOBO has been the topic of a number of recent research reports. Morgan Stanley began coverage on South Bow in a research report on Friday, October 25th. They issued an “underweight” rating on the stock. Cibc World Mkts upgraded South Bow to a “hold” rating in a research note on Friday, October 11th. US Capital Advisors raised South Bow to a “strong-buy” rating in a report on Monday, October 28th. TD Securities assumed coverage on shares of South Bow in a report on Wednesday. They set a “hold” rating on the stock. Finally, Scotiabank upgraded shares of South Bow to a “hold” rating in a research note on Friday, December 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.00.

Get Our Latest Stock Report on SOBO

South Bow Trading Up 3.8 %

SOBO opened at $24.11 on Friday. The firm has a fifty day simple moving average of $24.42. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30.

South Bow Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend is Tuesday, December 31st.

South Bow Profile

(Free Report)

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.