REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2023-08-07

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.

$2.7bn reported value -2.3% vs Q1 2023

68positions

37.3%in top 10

4 new 15 added 40 reduced 2 sold out vs Q1 2023

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

VIRTUS ADVISERS, LLC – files its own report too; $1.7m of shares are in both

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

Holdings, Q2 2023

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	1,530,269	$113.5m4.18%	4.18%	Reduced -55.9k	-55,938 -3.5%
2	NISOURCE INC COM NI	NI	4,081,390	$111.6m4.11%	4.11%	Added +190.9k	+190,868 4.9%
3	CMS ENERGY CORP COM CMS	CMS	1,892,230	$111.2m4.10%	4.10%	Added +551.6k	+551,555 41.1%
4	ENTERGY CORP NEW COM ETR	ETR	1,079,669	$105.1m3.87%	3.87%	Reduced -108.5k	-108,535 -9.1%
5	AMEREN CORP COM AEE	AEE	1,266,478	$103.4m3.81%	3.81%	Reduced -4.9k	-4,948 -0.4%
6	DTE ENERGY CO COM DTE	DTE	900,709	$99.1m3.65%	3.65%	Reduced -105.5k	-105,469 -10.5%
7	ALLIANT ENERGY CORP COM LNT	LNT	1,795,655	$94.2m3.47%	3.47%	Reduced -264.0k	-263,987 -12.8%
8	CONSTELLATION ENERGY CORP COM CEG	CEG	1,006,356	$92.1m3.39%	3.39%	Reduced -116.6k	-116,560 -10.4%
9	COMCAST CORP NEW CL A CMCSA	CMCSA	2,216,888	$92.1m3.39%	3.39%	Reduced -10.5k	-10,505 -0.5%
10	BCE INC COM NEW BCE	BCE	1,971,980	$89.9m3.31%	3.31%	Reduced -384.5k	-384,462 -16.3%
11	DUKE ENERGY CORP NEW COM NEW DUK	DUK	968,351	$86.9m3.20%	3.20%	Reduced -2.7k	-2,679 -0.3%
12	XCEL ENERGY INC COM XEL	XEL	1,369,784	$85.2m3.14%	3.14%	Reduced -338.2k	-338,211 -19.8%
13	PPL CORP COM PPL	PPL	3,067,663	$81.2m2.99%	2.99%	Added +309.0k	+309,046 11.2%
14	UNION PAC CORP COM UNP	UNP	378,152	$77.4m2.85%	2.85%	Reduced -2.4k	-2,449 -0.6%
15	SEMPRA COM SRE	SRE	500,390	$72.9m2.68%	2.68%	Added +53.9k	+53,942 12.1%
16	OGE ENERGY CORP COM OGE	OGE	1,937,348	$69.6m2.56%	2.56%	Added +194.2k	+194,235 11.1%
17	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	471,037	$67.2m2.48%	2.48%	Reduced -27.2k	-27,198 -5.5%
18	PG&E CORP COM PCG	PCG	3,839,045	$66.3m2.44%	2.44%	Reduced -1.6m	-1,560,139 -28.9%
19	EXELON CORP COM EXC	EXC	1,515,447	$61.7m2.27%	2.27%	Added +15.8k	+15,782 1.1%
20	EQUINIX INC COM EQIX	EQIX	77,857	$61.0m2.25%	2.25%	Reduced -5.8k	-5,799 -6.9%
21	PINNACLE WEST CAP CORP COM PNW	PNW	725,438	$59.1m2.18%	2.18%	New
22	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	253,447	$58.7m2.16%	2.16%	Reduced -3.7k	-3,657 -1.4%
23	AMERICAN ELEC PWR CO INC COM AEP	AEP	685,585	$57.7m2.13%	2.13%	Reduced -36.7k	-36,666 -5.1%
24	CANADIAN PACIFIC KANSAS CITY COM CP	CP	682,204	$55.1m2.03%	2.03%	New
25	WEC ENERGY GROUP INC COM WEC	WEC	617,048	$54.4m2.01%	2.01%	Reduced -282.7k	-282,681 -31.4%
26	EDISON INTL COM EIX	EIX	764,030	$53.1m1.95%	1.95%	Added +274.2k	+274,198 56.0%
27	WILLIAMS COS INC COM WMB	WMB	1,614,623	$52.7m1.94%	1.94%	Reduced -6.8k	-6,752 -0.4%
28	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	817,801	$51.2m1.89%	1.89%	Reduced -508.4k	-508,442 -38.3%
29	NORFOLK SOUTHN CORP COM NSC	NSC	225,100	$51.0m1.88%	1.88%	Unchanged
30	TC ENERGY CORP COM TRP	TRP	1,150,000	$46.5m1.71%	1.71%	Unchanged
31	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,226,589	$45.6m1.68%	1.68%	Reduced -244.8k	-244,779 -16.6%
32	AMERICAN TOWER CORP NEW COM AMT	AMT	234,106	$45.4m1.67%	1.67%	Added +175.1k	+175,072 296.6%
33	DT MIDSTREAM INC COMMON STOCK DTM	DTM	913,540	$45.3m1.67%	1.67%	Added +343.1k	+343,053 60.1%
34	CROWN CASTLE INC COM CCI	CCI	371,780	$42.4m1.56%	1.56%	Reduced -437	-437 -0.1%
35	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	89,105	$32.7m1.21%	1.21%	Reduced -27	-27 -0.0%
36	DIGITAL RLTY TR INC COM DLR	DLR	217,737	$24.8m0.91%	0.91%	Reduced -161.4k	-161,410 -42.6%
37	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	359,492	$24.2m0.89%	0.89%	Added +98.4k	+98,422 37.7%
38	REXFORD INDL RLTY INC COM REXR	REXR	403,766	$21.1m0.78%	0.78%	Added +64.7k	+64,651 19.1%
39	T-MOBILE US INC COM TMUS	TMUS	131,065	$18.2m0.67%	0.67%	Reduced -3.7k	-3,730 -2.8%
40	ATMOS ENERGY CORP COM ATO	ATO	150,927	$17.6m0.65%	0.65%	Added +16.5k	+16,504 12.3%
41	LINDE PLC SHS LIN	LIN	38,137	$14.5m0.54%	0.54%	Reduced -1.2k	-1,217 -3.1%
42	ROGERS COMMUNICATIONS INC CL B RCI	RCI	316,515	$14.4m0.53%	0.53%	Reduced -9.9k	-9,947 -3.0%
43	CENTERPOINT ENERGY INC COM CNP	CNP	479,566	$14.0m0.52%	0.52%	New
44	FIRSTENERGY CORP COM FE	FE	348,100	$13.5m0.50%	0.50%	Reduced -635.1k	-635,092 -64.6%
45	TELUS CORPORATION COM TU	TU	529,923	$10.3m0.38%	0.38%	Reduced -33.3k	-33,284 -5.9%
46	CANADIAN NATL RY CO COM CNI	CNI	67,713	$8.2m0.30%	0.30%	Reduced -676	-676 -1.0%
47	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,218	$7.9m0.29%	0.29%	Reduced -237	-237 -1.0%
48	PROLOGIS INC. COM PLD	PLD	51,858	$6.4m0.23%	0.23%	Reduced -294	-294 -0.6%
49	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	60,043	$3.5m0.13%	0.13%	Reduced -65.1k	-65,129 -52.0%
50	ONEOK INC NEW COM OKE	OKE	45,971	$2.8m0.10%	0.10%	Added +7.9k	+7,949 20.9%
51	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	95,126	$2.6m0.10%	0.10%	Added +1.7k	+1,748 1.9%
52	FORTIS INC COM FTS	FTS	55,920	$2.4m0.09%	0.09%	Reduced -14.1k	-14,100 -20.1%
53	VISTRA CORP COM VST	VST	82,601	$2.2m0.08%	0.08%	Unchanged
54	CLEARWAY ENERGY INC CL A CL A		65,676	$1.8m0.07%	0.07%	Reduced -7.4k	-7,389 -10.1%
55	ALPHABET INC CAP STK CL A GOOGL	GOOGL	13,390	$1.6m0.06%	0.06%	Reduced -176	-176 -1.3%
56	EXXON MOBIL CORP COM XOM	XOM	12,800	$1.4m0.05%	0.05%	Unchanged
57	TXNM ENERGY INC COM TXNM	TXNM	25,459	$1.1m0.04%	0.04%	New
58	APPLE INC COM AAPL	AAPL	4,800	$931.0k0.03%	0.03%	Unchanged
59	Deutsche Telekom AG ADR COM DTEGY	DTEGY	37,186	$810.0k0.03%	0.03%	Reduced -10.2k	-10,198 -21.5%
60	ALPHABET INC CAP STK CL C GOOG	GOOG	6,650	$804.0k0.03%	0.03%	Reduced -50	-50 -0.8%
61	PPG INDS INC COM PPG	PPG	5,000	$742.0k0.03%	0.03%	Reduced -600	-600 -10.7%
62	SOUTHERN CO COM SO	SO	10,025	$704.0k0.03%	0.03%	Reduced -28.3k	-28,258 -73.8%
63	CHEVRON CORP NEW COM CVX	CVX	4,000	$629.0k0.02%	0.02%	Added +2.0k	+2,000 100.0%
64	SCE Trust IV PFD EIX V0 PERP J	EIX V0 PERP J	29,927	$585.0k0.02%	0.02%	Unchanged
65	JOHNSON & JOHNSON COM JNJ	JNJ	3,355	$555.0k0.02%	0.02%	Reduced -275	-275 -7.6%
66	PHILIP MORRIS INTL INC COM PM	PM	5,000	$488.0k0.02%	0.02%	Unchanged
67	ALTRIA GROUP INC COM MO	MO	8,000	$362.0k0.01%	0.01%	Unchanged
68	SCE TR III PFD EIX V5.75 PERP H	EIX V5.75 PERP H	15,473	$351.0k0.01%	0.01%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
CANADIAN PAC RY LTD		690,535	$53.1m690.5k shares
AT&T INC T	T	46,881	$902.0k46.9k 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