DORCHESTER WEALTH MANAGEMENT Co Acquires New Position in South Bow Co. (NYSE:SOBO)

DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of South Bow Co. (NYSE:SOBO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,422 shares of the company’s stock, valued at approximately $511,000.

Several other hedge funds also recently bought and sold shares of SOBO. Roxbury Financial LLC purchased a new position in South Bow during the fourth quarter worth about $29,000. Rhumbline Advisers purchased a new position in South Bow during the fourth quarter worth about $34,000. Manitou Investment Management Ltd. purchased a new position in South Bow during the fourth quarter worth about $40,000. Canal Insurance CO purchased a new position in South Bow during the fourth quarter worth about $47,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of South Bow during the fourth quarter worth about $48,000.

South Bow Stock Performance

Shares of South Bow stock opened at $25.44 on Friday. South Bow Co. has a 52 week low of $21.12 and a 52 week high of $27.30. The company has a 50 day moving average of $24.11.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SOBO. US Capital Advisors raised shares of South Bow to a “strong-buy” rating in a research report on Monday, October 28th. 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. TD Securities began coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a “hold” rating on the stock. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, CIBC raised shares of South Bow from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $25.00 in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.50.

South Bow 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.