apricus wealth LLC Grows Holdings in South Bow Corporation $SOBO

apricus wealth LLC grew its stake in shares of South Bow Corporation (NYSE:SOBO) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,894 shares of the company’s stock after buying an additional 1,655 shares during the quarter. apricus wealth LLC’s holdings in South Bow were worth $1,941,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Ausbil Investment Management Ltd bought a new position in South Bow in the first quarter valued at $3,253,000. Oppenheimer & Co. Inc. purchased a new position in shares of South Bow in the 1st quarter worth about $1,351,000. Wealthquest Corp bought a new position in shares of South Bow during the 1st quarter valued at about $18,580,000. Miller Howard Investments Inc. NY raised its holdings in shares of South Bow by 87.8% during the 1st quarter. Miller Howard Investments Inc. NY now owns 817,558 shares of the company’s stock valued at $20,864,000 after buying an additional 382,276 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in South Bow by 23.5% in the 1st quarter. Mutual Advisors LLC now owns 27,505 shares of the company’s stock worth $685,000 after buying an additional 5,229 shares during the last quarter.

South Bow Trading Down 0.6%

Shares of SOBO opened at $26.10 on Tuesday. The stock has a market capitalization of $5.43 billion and a P/E ratio of 14.11. South Bow Corporation has a twelve month low of $21.16 and a twelve month high of $29.19. The company has a quick ratio of 1.20, a current ratio of 1.28 and a debt-to-equity ratio of 2.19. The firm has a fifty day simple moving average of $27.75 and a two-hundred day simple moving average of $26.43.

South Bow (NYSE:SOBO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $524.00 million for the quarter, compared to the consensus estimate of $449.00 million. On average, research analysts anticipate that South Bow Corporation will post 1.74 EPS for the current year.

South Bow Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were issued a $0.50 dividend. The ex-dividend date was Monday, September 29th. This represents a $2.00 annualized dividend and a yield of 7.7%. South Bow’s dividend payout ratio (DPR) is 108.11%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. National Bankshares increased their price target on shares of South Bow from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $27.00 target price on shares of South Bow in a report on Thursday, August 21st. CIBC boosted their price target on shares of South Bow from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of South Bow in a research note on Wednesday, October 8th. Finally, Scotiabank lifted their price objective on South Bow from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, South Bow has an average rating of “Hold” and an average price target of $29.40.

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.