South Bow Co. (NYSE:SOBO – Free Report) – Investment analysts at US Capital Advisors reduced their Q1 2025 earnings estimates for shares of South Bow in a research report issued to clients and investors on Monday, March 24th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings of $0.33 per share for the quarter, down from their previous estimate of $0.43. The consensus estimate for South Bow’s current full-year earnings is $1.74 per share. US Capital Advisors also issued estimates for South Bow’s Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.42 EPS, FY2025 earnings at $1.61 EPS and FY2026 earnings at $1.87 EPS.
Other analysts also recently issued research reports about the stock. Wells Fargo & Company downgraded shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of South Bow in a research note on Friday, March 7th. TD Securities started coverage on South Bow in a research note on Wednesday, January 15th. They set a “hold” rating on the stock. CIBC downgraded South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 target price for the company. in a research report on Friday, March 7th. Finally, National Bankshares increased their price target on shares of South Bow from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, South Bow currently has an average rating of “Hold” and a consensus price target of $25.67.
South Bow Price Performance
NYSE:SOBO opened at $26.61 on Wednesday. South Bow has a 52 week low of $21.98 and a 52 week high of $27.60. The company has a fifty day simple moving average of $25.21. The stock has a market capitalization of $5.54 billion and a P/E ratio of 14.38.
South Bow (NYSE:SOBO – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $524.87 million.
South Bow Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date is Monday, March 31st. South Bow’s dividend payout ratio is presently 108.11%.
Institutional Trading of South Bow
A number of large investors have recently made changes to their positions in the company. FMR LLC acquired a new position in South Bow during the 4th quarter worth approximately $461,249,000. Capital International Investors purchased a new position in South Bow in the fourth quarter valued at $315,469,000. Price T Rowe Associates Inc. MD purchased a new position in South Bow in the fourth quarter valued at $290,786,000. Vanguard Group Inc. acquired a new stake in South Bow in the fourth quarter valued at $206,467,000. Finally, Bank of Montreal Can purchased a new stake in South Bow during the 4th quarter worth about $126,068,000.
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.
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