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ClearBridge Investments significantly boosted their stake in pipeline company South Bow, buying shares valued at $96 million.
ClearBridge Investments bought 4.07 million shares of South Bow Co. (SOBO) in Q4 2020, valued at about $96 million, making up 2.5% of their portfolio.
South Bow, a Canadian pipeline company, reported a positive earnings surprise of $0.54 per share but slightly missed revenue expectations at $488 million.
The company also announced a quarterly dividend of $0.50 per share, with a yield of 7.64%, and experienced a significant trading volume increase on Friday.
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ClearBridge Investments aumentó significativamente su participación en la compañía de oleoductos South Bow, comprando acciones valoradas en 96 millones de dólares.