South Bow Co. (NYSE:SOBO) Receives Consensus Rating of “Hold” from Analysts

Shares of South Bow Co. (NYSE:SOBO) have earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a strong buy recommendation to the company.

A number of equities analysts have recently issued reports on the company. Cibc World Mkts upgraded South Bow to a “hold” rating in a research report on Friday, October 11th. Morgan Stanley initiated coverage on shares of South Bow in a report on Friday, October 25th. They set an “underweight” rating for the company. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. US Capital Advisors raised shares of South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th.

South Bow Trading Up 1.5 %

NYSE:SOBO opened at $23.78 on Friday. The business’s 50-day moving average price is $24.66. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30.

South Bow Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 8.41%. The ex-dividend date of this dividend is Tuesday, December 31st. South Bow’s dividend payout ratio is currently 114.29%.

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.