Miller Howard Investments Inc. NY purchased a new position in shares of South Bow Co. (NYSE:SOBO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 435,282 shares of the company's stock, valued at approximately $10,260,000. Miller Howard Investments Inc. NY owned 0.21% of South Bow at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Manitou Investment Management Ltd. bought a new stake in South Bow in the fourth quarter valued at $40,000. Canal Insurance CO bought a new stake in South Bow in the 4th quarter valued at about $47,000. CENTRAL TRUST Co acquired a new position in South Bow during the 4th quarter valued at about $48,000. YANKCOM Partnership bought a new position in South Bow in the 4th quarter worth about $57,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $213,000.
SOBO opened at $24.69 on Friday. The stock's fifty day moving average is $24.05. South Bow Co. has a fifty-two week low of $21.12 and a fifty-two week high of $27.30.
Several analysts recently commented on SOBO shares. Scotiabank upgraded South Bow to a "hold" rating in a research report on Friday, December 27th. Morgan Stanley started coverage on shares of South Bow in a research note on Friday, October 25th. They set an "underweight" rating on the stock. TD Securities assumed coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a "hold" rating on the stock. CIBC upgraded shares of South Bow from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Finally, Wells Fargo & Company downgraded South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.00.
View Our Latest Analysis on SOBO
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.
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