REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2023-02-09

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$2.8bn reported value +5.4% vs Q3 2022

66positions

40.0%in top 10

4 new 18 added 37 reduced 2 sold out vs Q3 2022

This report includes the holdings of 1 other manager that shares the investment decisions:

VIRTUS ADVISERS, LLC – files its own report too; $2.5m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NEXTERA ENERGY INC COM NEE	NEE	1,615,113	$135.0m4.82%	4.82%	Reduced -13.2k	-13,226 -0.8%
2	XCEL ENERGY INC COM XEL	XEL	1,774,340	$124.4m4.44%	4.44%	Added +206.2k	+206,175 13.2%
3	ENTERGY CORP NEW COM ETR	ETR	1,035,003	$116.4m4.16%	4.16%	Reduced -32.0k	-32,032 -3.0%
4	AMEREN CORP COM AEE	AEE	1,265,102	$112.5m4.02%	4.02%	Reduced -9.8k	-9,778 -0.8%
5	DUKE ENERGY CORP NEW COM NEW DUK	DUK	1,067,531	$109.9m3.93%	3.93%	Added +30.8k	+30,761 3.0%
6	BCE INC COM NEW BCE	BCE	2,488,669	$109.4m3.90%	3.90%	Added +350.9k	+350,870 16.4%
7	ALLIANT ENERGY CORP COM LNT	LNT	1,959,547	$108.2m3.86%	3.86%	Added +3.8k	+3,783 0.2%
8	DTE ENERGY CO COM DTE	DTE	869,098	$102.1m3.65%	3.65%	Added +141.7k	+141,712 19.5%
9	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	1,664,616	$102.0m3.64%	3.64%	Reduced -267.3k	-267,275 -13.8%
10	NISOURCE INC COM NI	NI	3,618,119	$99.2m3.54%	3.54%	Added +784.3k	+784,310 27.7%
11	CONSTELLATION ENERGY CORP COM CEG	CEG	1,122,062	$96.7m3.45%	3.45%	Reduced -5.5k	-5,459 -0.5%
12	CMS ENERGY CORP COM CMS	CMS	1,374,484	$87.0m3.11%	3.11%	Reduced -186.5k	-186,517 -11.9%
13	PG&E CORP COM PCG	PCG	4,984,734	$81.1m2.89%	2.89%	Added +47.3k	+47,343 1.0%
14	OGE ENERGY CORP COM OGE	OGE	2,039,675	$80.7m2.88%	2.88%	Added +46.8k	+46,831 2.4%
15	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	528,064	$80.5m2.87%	2.87%	Reduced -120.7k	-120,748 -18.6%
16	CANADIAN PAC RY LTD COM COM		1,067,827	$79.6m2.84%	2.84%	Reduced -8.2k	-8,173 -0.8%
17	UNION PAC CORP COM UNP	UNP	381,547	$79.0m2.82%	2.82%	Reduced -3.6k	-3,580 -0.9%
18	COMCAST CORP NEW CL A CMCSA	CMCSA	2,219,800	$77.6m2.77%	2.77%	Added +422.2k	+422,200 23.5%
19	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	258,514	$72.5m2.59%	2.59%	Reduced -1.9k	-1,866 -0.7%
20	PPL CORP COM PPL	PPL	2,356,000	$68.8m2.46%	2.46%	Unchanged
21	AMERICAN ELEC PWR CO INC COM AEP	AEP	723,106	$68.7m2.45%	2.45%	Added +685.8k	+685,766 1836.5%
22	WEC ENERGY GROUP INC COM WEC	WEC	692,278	$64.9m2.32%	2.32%	Reduced -177.0k	-176,961 -20.4%
23	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,471,368	$58.0m2.07%	2.07%	Reduced -20.7k	-20,668 -1.4%
24	EQUINIX INC COM EQIX	EQIX	88,238	$57.8m2.06%	2.06%	Reduced -28.0k	-28,005 -24.1%
25	CROWN CASTLE INC COM CCI	CCI	422,270	$57.3m2.04%	2.04%	Reduced -40.7k	-40,655 -8.8%
26	WILLIAMS COS INC COM WMB	WMB	1,524,726	$50.2m1.79%	1.79%	Added +269.4k	+269,427 21.5%
27	FIRSTENERGY CORP COM FE	FE	1,180,234	$49.5m1.77%	1.77%	Added +120.1k	+120,122 11.3%
28	NORFOLK SOUTHN CORP COM NSC	NSC	185,100	$45.6m1.63%	1.63%	Unchanged
29	EXELON CORP COM EXC	EXC	1,006,442	$43.5m1.55%	1.55%	Reduced -652.5k	-652,499 -39.3%
30	FORTIS INC COM FTS	FTS	1,002,920	$40.2m1.43%	1.43%	Reduced -351.4k	-351,410 -25.9%
31	TC ENERGY CORP COM TRP	TRP	1,000,000	$39.9m1.42%	1.42%	New
32	DIGITAL RLTY TR INC COM DLR	DLR	379,392	$38.0m1.36%	1.36%	Reduced -4.6k	-4,635 -1.2%
33	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	89,262	$30.3m1.08%	1.08%	Reduced -20.5k	-20,458 -18.6%
34	SOUTHERN CO COM SO	SO	391,851	$28.0m1.00%	1.00%	Reduced -920.2k	-920,160 -70.1%
35	EDISON INTL COM EIX	EIX	433,719	$27.6m0.99%	0.99%	Added +361.6k	+361,583 501.2%
36	T-MOBILE US INC COM TMUS	TMUS	153,164	$21.4m0.77%	0.77%	Reduced -8.6k	-8,600 -5.3%
37	DT MIDSTREAM INC COMMON STOCK DTM	DTM	354,924	$19.6m0.70%	0.70%	Added +81.3k	+81,337 29.7%
38	ATMOS ENERGY CORP COM ATO	ATO	135,992	$15.2m0.54%	0.54%	Reduced -4.9k	-4,914 -3.5%
39	LINDE PLC SHS 99952EUR	99952EUR	44,683	$14.6m0.52%	0.52%	Reduced -2.7k	-2,702 -5.7%
40	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	254,062	$14.5m0.52%	0.52%	Reduced -16.5k	-16,517 -6.1%
41	ROGERS COMMUNICATIONS INC CL B RCI	RCI	269,670	$12.6m0.45%	0.45%	Reduced -11.3k	-11,338 -4.0%
42	REXFORD INDL RLTY INC COM REXR	REXR	226,857	$12.4m0.44%	0.44%	Reduced -4.7k	-4,692 -2.0%
43	TELUS CORPORATION COM TU	TU	559,971	$10.8m0.39%	0.39%	Reduced -34.3k	-34,272 -5.8%
44	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	122,235	$8.6m0.31%	0.31%	Added +3.1k	+3,125 2.6%
45	CANADIAN NATL RY CO COM CNI	CNI	68,934	$8.2m0.29%	0.29%	Reduced -859	-859 -1.2%
46	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,595	$7.3m0.26%	0.26%	Reduced -189	-189 -0.8%
47	PROLOGIS INC. COM PLD	PLD	52,672	$5.9m0.21%	0.21%	Reduced -300.4k	-300,402 -85.1%
48	ALPHABET INC CAP STK CL A GOOGL	GOOGL	66,344	$5.9m0.21%	0.21%	Reduced -67.3k	-67,286 -50.4%
49	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	40,093	$2.8m0.10%	0.10%	New
50	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	92,530	$2.6m0.09%	0.09%	Reduced -1.1k	-1,102 -1.2%
51	ONEOK INC NEW COM OKE	OKE	38,150	$2.5m0.09%	0.09%	Added +28.1k	+28,150 281.5%
52	CLEARWAY ENERGY INC CL A CL A		72,096	$2.2m0.08%	0.08%	Reduced -1.1k	-1,091 -1.5%
53	SEMPRA COM SRE	SRE	13,759	$2.1m0.08%	0.08%	Reduced -252.6k	-252,637 -94.8%
54	VISTRA CORP COM VST	VST	82,601	$1.9m0.07%	0.07%	Added +5.4k	+5,442 7.0%
55	EXXON MOBIL CORP COM XOM	XOM	12,800	$1.4m0.05%	0.05%	Reduced -40.8k	-40,818 -76.1%
56	AT&T INC COM T	T	46,565	$857.0k0.03%	0.03%	New
57	PPG INDS INC COM PPG	PPG	5,600	$704.0k0.03%	0.03%	Unchanged
58	UGI CORP NEW COM UGI	UGI	18,281	$678.0k0.02%	0.02%	Reduced -34.8k	-34,842 -65.6%
59	JOHNSON & JOHNSON COM JNJ	JNJ	3,630	$641.0k0.02%	0.02%	Unchanged
60	APPLE INC COM AAPL	AAPL	4,800	$624.0k0.02%	0.02%	Unchanged
61	Deutsche Telekom AG ADR COM DTEGY	DTEGY	30,615	$609.0k0.02%	0.02%	New
62	ALPHABET INC CAP STK CL C GOOG	GOOG	6,700	$594.0k0.02%	0.02%	Reduced -5.5k	-5,500 -45.1%
63	PHILIP MORRIS INTL INC COM PM	PM	5,000	$506.0k0.02%	0.02%	Unchanged
64	AMERICAN TOWER CORP NEW COM AMT	AMT	1,839	$390.0k0.01%	0.01%	Added +260	+260 16.5%
65	ALTRIA GROUP INC COM MO	MO	8,000	$366.0k0.01%	0.01%	Unchanged
66	DOMINION ENERGY INC COM D	D	5,927	$363.0k0.01%	0.01%	Reduced -6.7k	-6,728 -53.2%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
AMER STATES WTR CO AWR	AWR	295,000	$23.0m295.0k shares
CABLE ONE INC CABO	CABO	2,080	$1.8m2.1k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
RICE ACQUISITION CORP 3 KRSP.U · 13G · filed 2026-02-06	KRSP.U	8.0%≈ $25.7m	new	13G	2026-02-06