Legal & General Group Plc Purchases New Shares in South Bow Corporation $SOBO

Posted by Brenda Bartman on Aug 29th, 2026

Legal & General Group Plc purchased a new position in shares of South Bow Corporation (NYSE:SOBO – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,784,790 shares of the company’s stock, valued at approximately $62,849,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in shares of South Bow by 140.5% in the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock valued at $28,000 after buying an additional 496 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of South Bow by 780.3% during the third quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $34,000 after buying an additional 1,069 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $35,000 after buying an additional 1,276 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in South Bow by 78.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock valued at $63,000 after acquiring an additional 831 shares during the period. Finally, Kelleher Financial Advisors acquired a new position in South Bow in the 2nd quarter valued at about $68,000.

Analysts Set New Price Targets

A number of research firms have weighed in on SOBO. Barclays increased their price objective on South Bow from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. TD Securities reissued a “hold” rating on shares of South Bow in a report on Thursday, July 16th. Weiss Ratings upgraded South Bow from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of South Bow from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, South Bow currently has an average rating of “Hold” and a consensus price target of $33.00.

View Our Latest Stock Analysis on South Bow

South Bow Price Performance

Shares of NYSE:SOBO opened at $37.45 on Friday. South Bow Corporation has a 52 week low of $25.01 and a 52 week high of $38.94. The company has a 50-day moving average price of $36.71 and a 200 day moving average price of $34.96. The company has a market cap of $7.81 billion, a P/E ratio of 16.95 and a beta of 0.15. The company has a quick ratio of 1.44, a current ratio of 1.52 and a debt-to-equity ratio of 2.15.

South Bow (NYSE:SOBO – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $546.00 million for the quarter, compared to analysts’ expectations of $496.87 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%. Research analysts predict that South Bow Corporation will post 1.87 earnings per share for the current year.

South Bow Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.3%. South Bow’s payout ratio is 90.50%.

South Bow Profile

(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.