9,047 Shares in South Bow Co. (NYSE:SOBO) Acquired by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB bought a new stake in South Bow Co. (NYSE:SOBO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,047 shares of the company’s stock, valued at approximately $213,000.

Separately, Hennessy Advisors Inc. purchased a new stake in shares of South Bow in the fourth quarter valued at about $276,000.

South Bow Price Performance

Shares of NYSE SOBO opened at $24.73 on Thursday. South Bow Co. has a twelve month low of $21.12 and a twelve month high of $27.30. The company has a 50 day moving average price of $24.41.

South Bow Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.09%. The ex-dividend date is Tuesday, December 31st.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of South Bow in a report on Tuesday, October 8th. They set a “hold” rating for the company. US Capital Advisors upgraded South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. TD Securities assumed coverage on South Bow in a report on Wednesday, January 15th. They set a “hold” rating for the company. Finally, Wells Fargo & Company lowered shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, South Bow presently has a consensus rating of “Hold” and an average target price of $25.00.

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.