K.J. Harrison & Partners Inc Acquires Shares of 16,200 South Bow Co. (NYSE:SOBO)

K.J. Harrison & Partners Inc bought a new position in shares of South Bow Co. (NYSE:SOBO) in the fourth quarter, Holdings Channel reports. The fund bought 16,200 shares of the company’s stock, valued at approximately $389,000.

A number of other institutional investors also recently modified their holdings of the business. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $511,000. Lipe & Dalton bought a new position in South Bow during the 4th quarter worth $248,000. First Bank & Trust acquired a new position in South Bow in the 4th quarter valued at $214,000. Alberta Investment Management Corp bought a new stake in shares of South Bow during the 4th quarter valued at $3,498,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of South Bow during the 4th quarter worth $7,453,000.

South Bow Trading Up 0.2 %

SOBO opened at $26.56 on Friday. The firm has a market cap of $5.52 billion and a P/E ratio of 14.35. The firm has a 50 day moving average of $24.33. South Bow Co. has a 1-year low of $21.12 and a 1-year high of $27.30.

Wall Street Analyst Weigh In

A number of research firms recently commented on SOBO. Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. TD Securities began coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a “hold” rating on the stock. Scotiabank lifted their price objective on shares of South Bow from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, CIBC upgraded South Bow from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $25.00 in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, South Bow presently has an average rating of “Hold” and an average target price of $25.50.

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.