Miller Howard Investments Inc. NY Invests $10.26 Million in South Bow Co. (NYSE:SOBO)

Miller Howard Investments Inc. NY purchased a new position in South Bow Co. (NYSE:SOBO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 435,282 shares of the company’s stock, valued at approximately $10,260,000.

A number of other large investors have also made changes to their positions in the stock. Triasima Portfolio Management inc. acquired a new position in shares of South Bow in the 4th quarter worth approximately $803,000. Fractal Investments LLC bought a new position in shares of South Bow during the fourth quarter valued at $1,174,000. YANKCOM Partnership bought a new stake in shares of South Bow in the 4th quarter worth about $57,000. Spirit of America Management Corp NY bought a new position in South Bow during the 4th quarter valued at about $348,000. Finally, Jennison Associates LLC acquired a new position in South Bow in the fourth quarter valued at about $15,967,000.

South Bow Stock Up 0.3 %

SOBO opened at $24.69 on Friday. South Bow Co. has a fifty-two week low of $21.12 and a fifty-two week high of $27.30. The business’s 50 day simple moving average is $24.05.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SOBO. Scotiabank upgraded shares of South Bow to a “hold” rating in a research note on Friday, December 27th. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. TD Securities assumed coverage on shares of South Bow in a report on Wednesday, January 15th. They set a “hold” rating on the stock. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Finally, CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and raised their price target for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

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.