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

Shares of South Bow Co. (NYSE:SOBO) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating on the company.

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

South Bow Stock Performance

NYSE SOBO opened at $23.93 on Friday. South Bow has a 12-month low of $21.12 and a 12-month high of $27.30. The business has a fifty day moving average price of $24.68.

South Bow Dividend Announcement

The company also recently announced 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 8.36%. The ex-dividend date is Tuesday, December 31st. South Bow’s dividend payout ratio (DPR) is 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.