Miller Howard Investments 13F: Adds $1.1M to SOBO Stake

On October 26, 2026, Miller Howard Investments boosted its stake in South Bow Corporation (NYSE: SOBO) by 33,746 shares, increasing its total holdings to 530,682 shares. This position is now valued at approximately $17.58 million, based on the fund's reported value of $1.08 billion in its latest Form 13F filing with the SEC.

SOBO South Bow Corporation

$35.69 ▲ +33.67% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where South Bow Corporation Fits in Miller Howard Investments' Portfolio

Miller Howard's investment in South Bow now represents about 1.63% of its total portfolio, ranking 19th among its 159 reported positions. The fund's increase of 33,746 shares reflects a 6.79% rise in its stake since the last reporting period.

Other Institutional Activity in South Bow Corporation

Cushing Asset Management reduced its holdings in South Bow Corporation by 150,000 shares, bringing its total to 705,500 shares worth about $23.37 million. Royal Bank of Canada also cut its stake by 1,835,603 shares, now holding 14,568,356 shares valued at approximately $519.94 million. In contrast, ClearBridge Investments added 185,529 shares, increasing its total to 8,855,108 shares worth around $316.04 million.

South Bow Corporation Stock Up 0.7%

As of October 27, 2026, South Bow Corporation shares traded recently around $35.69, which is above both its 50-day moving average of $35.51 and its 200-day moving average of $34.25. However, the stock is still about 8.5% below its 52-week high of $39.02.

Recent Earnings

For the trailing twelve months, South Bow reported revenue of approximately $2 billion and an EPS of $2.20. The company is set to announce its next earnings on November 4, 2026.

Analysts Set New Price Targets

On October 22, 2026, CIBC maintained a 'Neutral' rating on South Bow with a target price of $35.00. Barclays downgraded its rating to 'Underweight' and set a new target of $33.00 on October 9, 2026, while Scotiabank maintains a 'Sector Perform' rating with a target of $39.00.

About South Bow Corporation

South Bow Corporation is an energy infrastructure company based in Calgary, Alberta. It operates through segments including the Keystone Pipeline System, which transports crude oil to key U.S. markets, and other marketing services. This position change comes as the company continues to navigate a competitive energy sector.

Bottom Line

Investors should watch for South Bow's upcoming earnings announcement on November 4, 2026, which could provide further insights into its financial health. With Miller Howard's recent increase in stake, interest in the company remains strong despite mixed analyst ratings.