Purpose Unlimited Inc. Takes Position in South Bow Corporation $SOBO

Posted by Brian Himes on Jun 21st, 2026

Purpose Unlimited Inc. bought a new position in shares of South Bow Corporation (NYSE:SOBO – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 222,293 shares of the company’s stock, valued at approximately $6,114,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. City Holding Co. grew its stake in South Bow by 277.4% in the 4th quarter. City Holding Co. now owns 1,000 shares of the company’s stock valued at $27,000 after acquiring an additional 735 shares during the period. EverSource Wealth Advisors LLC raised its position in South Bow by 157.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock worth $30,000 after acquiring an additional 645 shares during the period. IFP Advisors Inc lifted its holdings in South Bow by 780.3% during the third quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $34,000 after purchasing an additional 1,069 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in South Bow by 1,993.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock valued at $35,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in South Bow during the fourth quarter valued at $39,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on SOBO shares. The Goldman Sachs Group assumed coverage on shares of South Bow in a research report on Monday, April 20th. They issued a “sell” rating and a $29.00 target price on the stock. TD Securities reaffirmed a “hold” rating on shares of South Bow in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce lifted their price objective on South Bow from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. BMO Capital Markets reiterated a “market perform” rating on shares of South Bow in a research note on Monday, April 27th. Finally, Barclays boosted their price objective on South Bow from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.57.

Get Our Latest Stock Report on SOBO

South Bow Stock Down 0.3%

NYSE SOBO opened at $35.77 on Friday. The business’s fifty day simple moving average is $35.35 and its 200-day simple moving average is $31.75. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 2.16. The firm has a market cap of $7.46 billion, a PE ratio of 17.62 and a beta of 0.14. South Bow Corporation has a 52 week low of $25.01 and a 52 week high of $38.45.

South Bow (NYSE:SOBO – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). South Bow had a net margin of 21.32% and a return on equity of 15.24%. The firm had revenue of $491.00 million during the quarter, compared to analysts’ expectations of $491.21 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that South Bow Corporation will post 1.77 earnings per share for the current year.

South Bow Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, June 30th. South Bow’s payout ratio is presently 98.52%.

About South Bow

(Free Report)

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.