TD Asset Management Inc Grows Stake in South Bow Corporation $SOBO

Posted by on Jun 6th, 2026

TD Asset Management Inc grew its position in shares of South Bow Corporation (NYSE:SOBO – Free Report) by 21.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,055,635 shares of the company’s stock after purchasing an additional 359,108 shares during the period. TD Asset Management Inc owned approximately 0.99% of South Bow worth $56,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Intact Investment Management Inc. raised its stake in shares of South Bow by 19.6% in the fourth quarter. Intact Investment Management Inc. now owns 964,360 shares of the company’s stock worth $26,522,000 after purchasing an additional 158,100 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of South Bow by 204.1% in the third quarter. JPMorgan Chase & Co. now owns 118,991 shares of the company’s stock worth $3,366,000 after purchasing an additional 79,858 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of South Bow by 7.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,336,103 shares of the company’s stock worth $36,700,000 after purchasing an additional 93,805 shares during the last quarter. Cibc World Market Inc. raised its position in South Bow by 1.5% during the third quarter. Cibc World Market Inc. now owns 3,194,578 shares of the company’s stock valued at $90,375,000 after acquiring an additional 47,562 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its position in South Bow by 20.6% during the third quarter. Thornburg Investment Management Inc. now owns 1,997,301 shares of the company’s stock valued at $56,504,000 after acquiring an additional 341,281 shares in the last quarter.

South Bow Stock Down 1.6%

Shares of SOBO stock opened at $36.84 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 2.16. South Bow Corporation has a twelve month low of $25.01 and a twelve month high of $38.39. The stock has a 50 day moving average of $34.68 and a 200 day moving average of $31.09. The stock has a market cap of $7.68 billion, a P/E ratio of 18.15 and a beta of 0.14.

South Bow (NYSE:SOBO – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). South Bow had a net margin of 21.32% and a return on equity of 15.24%. The business had revenue of $491.00 million during the quarter, compared to analyst estimates of $491.21 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts expect that South Bow Corporation will post 1.76 EPS for the current year.

South Bow Announces Dividend

The firm also recently disclosed 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 5.4%. The ex-dividend date of this dividend is Tuesday, June 30th. South Bow’s dividend payout ratio (DPR) is presently 98.52%.

Analysts Set New Price Targets

Several research analysts recently weighed in on SOBO shares. The Goldman Sachs Group started coverage on South Bow in a research report on Monday, April 20th. They set a “sell” rating and a $29.00 price target for the company. Weiss Ratings upgraded South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Wall Street Zen cut South Bow from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of South Bow in a research report on Monday, May 11th. Finally, National Bank Financial lifted their price target on South Bow from $31.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $31.57.

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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.

See Also

Institutional Ownership by Quarter for South Bow (NYSE:SOBO)

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