REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2023-11-07

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.

$2.5bn reported value -6.9% vs Q2 2023

68positions

35.4%in top 10

2 new 20 added 35 reduced 2 sold out vs Q2 2023

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

VIRTUS ADVISERS, LLC – files its own report too; $999.3k of shares are in both

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

Holdings, Q3 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	NISOURCE INC COM NI	NI	4,400,533	$108.6m4.30%	4.30%	Added +319.1k	+319,143 7.8%
2	COMCAST CORP NEW CL A CMCSA	CMCSA	2,274,117	$100.8m3.99%	3.99%	Added +57.2k	+57,229 2.6%
3	CMS ENERGY CORP COM CMS	CMS	1,806,185	$95.9m3.80%	3.80%	Reduced -86.0k	-86,045 -4.5%
4	ENTERGY CORP NEW COM ETR	ETR	986,819	$91.3m3.61%	3.61%	Reduced -92.8k	-92,850 -8.6%
5	NEXTERA ENERGY INC COM NEE	NEE	1,532,321	$87.8m3.47%	3.47%	Added +2.1k	+2,052 0.1%
6	ALLIANT ENERGY CORP COM LNT	LNT	1,774,519	$86.0m3.40%	3.40%	Reduced -21.1k	-21,136 -1.2%
7	DTE ENERGY CO COM DTE	DTE	856,279	$85.0m3.37%	3.37%	Reduced -44.4k	-44,430 -4.9%
8	DUKE ENERGY CORP NEW COM NEW DUK	DUK	916,435	$80.9m3.20%	3.20%	Reduced -51.9k	-51,916 -5.4%
9	PPL CORP COM PPL	PPL	3,390,912	$79.9m3.16%	3.16%	Added +323.2k	+323,249 10.5%
10	UNION PAC CORP COM UNP	UNP	379,126	$77.2m3.06%	3.06%	Added +974	+974 0.3%
11	CONSTELLATION ENERGY CORP COM CEG	CEG	694,822	$75.8m3.00%	3.00%	Reduced -311.5k	-311,534 -31.0%
12	BCE INC COM NEW BCE	BCE	1,967,239	$75.1m2.97%	2.97%	Reduced -4.7k	-4,741 -0.2%
13	XCEL ENERGY INC COM XEL	XEL	1,282,369	$73.4m2.90%	2.90%	Reduced -87.4k	-87,415 -6.4%
14	AMEREN CORP COM AEE	AEE	972,055	$72.7m2.88%	2.88%	Reduced -294.4k	-294,423 -23.2%
15	SEMPRA COM SRE	SRE	1,031,432	$70.2m2.78%	2.78%	Added +30.7k	+30,652 3.1%
16	EDISON INTL COM EIX	EIX	1,036,870	$65.6m2.60%	2.60%	Added +272.8k	+272,840 35.7%
17	OGE ENERGY CORP COM OGE	OGE	1,795,291	$59.8m2.37%	2.37%	Reduced -142.1k	-142,057 -7.3%
18	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	468,071	$58.0m2.29%	2.29%	Reduced -3.0k	-2,966 -0.6%
19	EXELON CORP COM EXC	EXC	1,505,788	$56.9m2.25%	2.25%	Reduced -9.7k	-9,659 -0.6%
20	EQUINIX INC COM EQIX	EQIX	77,035	$55.9m2.21%	2.21%	Reduced -822	-822 -1.1%
21	SOUTHERN CO COM SO	SO	849,646	$55.0m2.18%	2.18%	Added +839.6k	+839,621 8375.3%
22	WILLIAMS COS INC COM WMB	WMB	1,609,674	$54.2m2.15%	2.15%	Reduced -4.9k	-4,949 -0.3%
23	PINNACLE WEST CAP CORP COM PNW	PNW	724,867	$53.4m2.11%	2.11%	Reduced -571	-571 -0.1%
24	AMERICAN ELEC PWR CO INC COM AEP	AEP	683,811	$51.4m2.04%	2.04%	Reduced -1.8k	-1,774 -0.3%
25	DT MIDSTREAM INC COMMON STOCK DTM	DTM	962,954	$51.0m2.02%	2.02%	Added +49.4k	+49,414 5.4%
26	CANADIAN PACIFIC KANSAS CITY COM CP	CP	676,012	$50.3m1.99%	1.99%	Reduced -6.2k	-6,192 -0.9%
27	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	250,779	$50.2m1.99%	1.99%	Reduced -2.7k	-2,668 -1.1%
28	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	867,483	$49.4m1.95%	1.95%	Added +49.7k	+49,682 6.1%
29	PG&E CORP COM PCG	PCG	3,017,022	$48.7m1.93%	1.93%	Reduced -822.0k	-822,023 -21.4%
30	NORFOLK SOUTHN CORP COM NSC	NSC	235,100	$46.3m1.83%	1.83%	Added +10.0k	+10,000 4.4%
31	AMERICAN TOWER CORP NEW COM AMT	AMT	269,106	$44.3m1.75%	1.75%	Added +35.0k	+35,000 14.9%
32	TC ENERGY CORP COM TRP	TRP	1,220,000	$42.0m1.66%	1.66%	Added +70.0k	+70,000 6.1%
33	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,226,589	$39.8m1.57%	1.57%	Unchanged
34	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	89,708	$39.5m1.56%	1.56%	Added +603	+603 0.7%
35	T-MOBILE US INC COM TMUS	TMUS	226,712	$31.8m1.26%	1.26%	Added +95.6k	+95,647 73.0%
36	CROWN CASTLE INC COM CCI	CCI	339,147	$31.2m1.24%	1.24%	Reduced -32.6k	-32,633 -8.8%
37	WEC ENERGY GROUP INC COM WEC	WEC	345,860	$27.9m1.10%	1.10%	Reduced -271.2k	-271,188 -44.0%
38	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	415,331	$25.7m1.02%	1.02%	Added +55.8k	+55,839 15.5%
39	REXFORD INDL RLTY INC COM REXR	REXR	397,271	$19.6m0.78%	0.78%	Reduced -6.5k	-6,495 -1.6%
40	DIGITAL RLTY TR INC COM DLR	DLR	152,000	$18.4m0.73%	0.73%	Reduced -65.7k	-65,737 -30.2%
41	CANADIAN NATL RY CO COM CNI	CNI	147,004	$15.9m0.63%	0.63%	Added +79.3k	+79,291 117.1%
42	ONEOK INC NEW COM OKE	OKE	248,172	$15.7m0.62%	0.62%	Added +202.2k	+202,201 439.8%
43	ATMOS ENERGY CORP COM ATO	ATO	147,568	$15.6m0.62%	0.62%	Reduced -3.4k	-3,359 -2.2%
44	LINDE PLC SHS LIN	LIN	36,702	$13.7m0.54%	0.54%	Reduced -1.4k	-1,435 -3.8%
45	CENTERPOINT ENERGY INC COM CNP	CNP	471,464	$12.7m0.50%	0.50%	Reduced -8.1k	-8,102 -1.7%
46	ROGERS COMMUNICATIONS INC CL B RCI	RCI	315,994	$12.1m0.48%	0.48%	Reduced -521	-521 -0.2%
47	FIRSTENERGY CORP COM FE	FE	348,100	$11.9m0.47%	0.47%	Unchanged
48	TELUS CORPORATION COM TU	TU	494,326	$8.1m0.32%	0.32%	Reduced -35.6k	-35,597 -6.7%
49	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	22,966	$8.0m0.32%	0.32%	Reduced -252	-252 -1.1%
50	PROLOGIS INC. COM PLD	PLD	51,704	$5.8m0.23%	0.23%	Reduced -154	-154 -0.3%
51	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	94,677	$2.3m0.09%	0.09%	Reduced -449	-449 -0.5%
52	NORTHWEST NAT HLDG CO COM NWN	NWN	60,564	$2.3m0.09%	0.09%	New
53	VISTRA CORP COM VST	VST	69,503	$2.3m0.09%	0.09%	Reduced -13.1k	-13,098 -15.9%
54	FORTIS INC COM FTS	FTS	55,920	$2.1m0.08%	0.08%	Unchanged
55	ALPHABET INC CAP STK CL A GOOGL	GOOGL	13,084	$1.7m0.07%	0.07%	Reduced -306	-306 -2.3%
56	EXXON MOBIL CORP COM XOM	XOM	12,800	$1.5m0.06%	0.06%	Unchanged
57	TXNM ENERGY INC COM TXNM	TXNM	26,799	$1.2m0.05%	0.05%	Added +1.3k	+1,340 5.3%
58	CHEVRON CORP NEW COM CVX	CVX	6,000	$1.0m0.04%	0.04%	Added +2.0k	+2,000 50.0%
59	ALPHABET INC CAP STK CL C GOOG	GOOG	6,650	$877.0k0.03%	0.03%	Unchanged
60	APPLE INC COM AAPL	AAPL	4,800	$822.0k0.03%	0.03%	Unchanged
61	PPG INDS INC COM PPG	PPG	5,000	$649.0k0.03%	0.03%	Unchanged
62	SCE Trust IV PFD EIX V0 PERP J	EIX V0 PERP J	29,927	$630.0k0.02%	0.02%	Unchanged
63	Deutsche Telekom AG ADR COM DTEGY	DTEGY	29,696	$625.0k0.02%	0.02%	Reduced -7.5k	-7,490 -20.1%
64	JOHNSON & JOHNSON COM JNJ	JNJ	3,340	$520.0k0.02%	0.02%	Reduced -15	-15 -0.5%
65	PHILIP MORRIS INTL INC COM PM	PM	5,000	$463.0k0.02%	0.02%	Unchanged
66	SCE TR III PFD EIX V5.75 PERP H	EIX V5.75 PERP H	15,473	$373.0k0.01%	0.01%	Unchanged
67	ALTRIA GROUP INC COM MO	MO	8,000	$336.0k0.01%	0.01%	Unchanged
68	SCHLUMBERGER LTD COM STK SLB	SLB	4,000	$233.0k0.01%	0.01%	New

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
NEXTERA ENERGY PARTNERS LP XIFR	XIFR	60,043	$3.5m60.0k shares
CLEARWAY ENERGY INC		65,676	$1.8m65.7k 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