Miller Howard Investments Inc. NY Makes New $10.26 Million Investment in South Bow Co. (NYSE:SOBO)

Miller Howard Investments Inc. NY purchased a new position in shares of South Bow Co. (NYSE:SOBO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 435,282 shares of the company’s stock, valued at approximately $10,260,000. Miller Howard Investments Inc. NY owned 0.21% of South Bow at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Manitou Investment Management Ltd. bought a new stake in South Bow in the fourth quarter valued at $40,000. Canal Insurance CO bought a new stake in South Bow in the 4th quarter valued at about $47,000. CENTRAL TRUST Co acquired a new position in South Bow during the 4th quarter valued at about $48,000. YANKCOM Partnership bought a new position in South Bow in the 4th quarter worth about $57,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of South Bow in the fourth quarter valued at approximately $213,000.

South Bow Price Performance

SOBO opened at $24.69 on Friday. The stock’s fifty day moving average is $24.05. South Bow Co. has a fifty-two week low of $21.12 and a fifty-two week high of $27.30.

Wall Street Analyst Weigh In

Several analysts recently commented on SOBO shares. Scotiabank upgraded South Bow to a “hold” rating in a research report on Friday, December 27th. Morgan Stanley started coverage on shares of South Bow in a research note on Friday, October 25th. They set an “underweight” rating on the stock. TD Securities assumed coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a “hold” rating on the stock. CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Finally, Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00.

South Bow Company 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.