Miller Howard Investments 13F: Cuts Exelon (EXC) Stake by $1.9M

On October 26, 2026, Miller Howard Investments trimmed its position in Exelon Corporation (EXC) by 46,266 shares. This change leaves the fund with a total of 1,574,164 shares, valued at about $63.6 million, according to its latest Form 13F filing with the SEC.

EXC Exelon Corporation

$44.54 ▲ +4.24% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Exelon Fits in Miller Howard Investments' Portfolio

Miller Howard's position in Exelon now accounts for 5.9% of its total reported 13F value, ranking fifth among the fund's 159 holdings.

Other Institutional Activity in Exelon

Ag2R la Mondiale Gestion D'Actifs increased its stake in Exelon by 96,606 shares, totaling 166,811 shares worth about $6.7 million. Lazard Asset Management LLC also grew its holdings by 7,548,729 shares, now holding 32,169,502 shares valued at approximately $1.43 billion. Meanwhile, GQG Partners LLC reduced its position by 2,481,813 shares, leaving it with 19,796,580 shares valued at around $881.7 million.

Exelon Corporation Stock Up 0.2%

Exelon shares recently traded around $44.54, which is about equal to the closing price on October 26, 2026. The stock is currently above its 50-day moving average by 4%, but below its 200-day moving average by 2.2%. Over the past year, the stock has not reached its 52-week high of $50.65, trading about 12.1% below that level.

Recent Earnings

For the trailing twelve months, Exelon reported revenues of approximately $25.33 billion and earnings per share (EPS) of $2.72. The company has shown a revenue growth of 9.9% year-over-year. Exelon's next earnings report is scheduled for October 30, 2026.

Dividend

Exelon pays an annual dividend of $1.68 per share, which translates to a yield of 3.77%. The dividend payout ratio stands at 60.3%.

Analysts Set New Price Targets

On October 16, 2026, Truist Securities maintained a "Hold" rating on Exelon with a price target of $46.00. JP Morgan also maintained a "Neutral" rating with a target of $46.00 on October 19, 2026. Barclays set its target at $44.00 on the same date, and Morgan Stanley maintained an "Equal-Weight" rating with a target of $49.00 on October 21, 2026. HSBC initiated coverage with a "Hold" rating and a target of $44.00 on October 22, 2026. The consensus recommendation remains a "Hold" with a mean price target of $47.76 based on 17 analyst opinions.

About Exelon

Exelon Corporation is a utility services holding company based in Chicago, IL. It engages in the purchase and regulated retail sale of electricity and natural gas, as well as the transmission and distribution of electricity. The company serves a wide range of customers, including residential, commercial, and industrial clients.

Bottom Line

Investors should keep an eye on Exelon’s upcoming earnings report on October 30, 2026. Miller Howard’s recent trimming of its stake may reflect broader market strategies, and further filings may provide more insights into institutional sentiment.