REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2024-05-07

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.

$2.8bn reported value +2.5% vs Q4 2023

72positions

33.5%in top 10

4 new 18 added 40 reduced 4 sold out vs Q4 2023

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

VIRTUS ADVISERS, LLC – files its own report too; $713.8k of shares are in both

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

Holdings, Q1 2024

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	CONSTELLATION ENERGY CORP COM CEG	CEG	777,707	$143.8m5.10%	5.10%	Added +146.9k	+146,926 23.3%
2	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	1,572,001	$105.0m3.72%	3.72%	Added +667.8k	+667,773 73.8%
3	NISOURCE INC COM NI	NI	3,420,349	$94.6m3.35%	3.35%	Reduced -811.3k	-811,306 -19.2%
4	CENTERPOINT ENERGY INC COM CNP	CNP	3,246,391	$92.5m3.28%	3.28%	Added +931.6k	+931,594 40.2%
5	CMS ENERGY CORP COM CMS	CMS	1,481,220	$89.4m3.17%	3.17%	Reduced -316.6k	-316,611 -17.6%
6	UNION PAC CORP COM UNP	UNP	348,392	$85.7m3.04%	3.04%	Reduced -4.0k	-3,951 -1.1%
7	PPL CORP COM PPL	PPL	3,085,289	$84.9m3.01%	3.01%	Reduced -233.4k	-233,415 -7.0%
8	SEMPRA COM SRE	SRE	1,175,459	$84.4m2.99%	2.99%	Added +43.1k	+43,103 3.8%
9	TALEN ENERGY CORP COM TLN	TLN	873,105	$82.4m2.92%	2.92%	Added +678.6k	+678,605 348.9%
10	ALLIANT ENERGY CORP COM LNT	LNT	1,615,630	$81.4m2.89%	2.89%	Reduced -157.3k	-157,334 -8.9%
11	EQUINIX INC COM EQIX	EQIX	98,003	$80.9m2.87%	2.87%	Added +21.6k	+21,628 28.3%
12	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	371,010	$80.4m2.85%	2.85%	Added +62.5k	+62,478 20.2%
13	ENTERGY CORP NEW COM ETR	ETR	756,059	$79.9m2.83%	2.83%	Reduced -226.2k	-226,166 -23.0%
14	PG&E CORP COM PCG	PCG	4,669,785	$78.3m2.78%	2.78%	Added +2.5m	+2,452,938 110.7%
15	COMCAST CORP NEW CL A CMCSA	CMCSA	1,690,406	$73.3m2.60%	2.60%	Reduced -369.0k	-368,970 -17.9%
16	PINNACLE WEST CAP CORP COM PNW	PNW	969,176	$72.4m2.57%	2.57%	Added +154.9k	+154,867 19.0%
17	EDISON INTL COM EIX	EIX	945,732	$66.9m2.37%	2.37%	Reduced -139.1k	-139,132 -12.8%
18	TXNM ENERGY INC COM TXNM	TXNM	1,740,227	$65.5m2.32%	2.32%	Added +1.7m	+1,712,089 6084.6%
19	NEXTERA ENERGY INC COM NEE	NEE	1,015,532	$64.9m2.30%	2.30%	Reduced -4.8k	-4,823 -0.5%
20	SOUTHERN CO COM SO	SO	866,668	$62.2m2.20%	2.20%	Reduced -10.1k	-10,083 -1.1%
21	DTE ENERGY CO COM DTE	DTE	542,270	$60.8m2.16%	2.16%	Reduced -118.0k	-118,013 -17.9%
22	ATMOS ENERGY CORP COM ATO	ATO	511,480	$60.8m2.16%	2.16%	Reduced -51.1k	-51,142 -9.1%
23	CANADIAN NATL RY CO COM CNI	CNI	456,706	$60.2m2.13%	2.13%	Added +309.8k	+309,806 210.9%
24	DUKE ENERGY CORP NEW COM NEW DUK	DUK	587,055	$56.8m2.01%	2.01%	Reduced -108.2k	-108,202 -15.6%
25	T-MOBILE US INC COM TMUS	TMUS	345,889	$56.5m2.00%	2.00%	Added +29.8k	+29,846 9.4%
26	DT MIDSTREAM INC COMMON STOCK DTM	DTM	923,917	$56.5m2.00%	2.00%	Reduced -12.7k	-12,730 -1.4%
27	AMERICAN TOWER CORP NEW COM AMT	AMT	268,512	$53.1m1.88%	1.88%	Reduced -594	-594 -0.2%
28	WILLIAMS COS INC COM WMB	WMB	1,336,894	$52.1m1.85%	1.85%	Reduced -221.7k	-221,725 -14.2%
29	CANADIAN PACIFIC KANSAS CITY COM CP	CP	572,838	$50.5m1.79%	1.79%	Reduced -178.5k	-178,492 -23.8%
30	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	391,805	$47.9m1.70%	1.70%	Reduced -93.9k	-93,920 -19.3%
31	TC ENERGY CORP COM TRP	TRP	1,180,000	$47.4m1.68%	1.68%	Reduced -40.0k	-40,000 -3.3%
32	BCE INC COM NEW BCE	BCE	1,395,356	$47.4m1.68%	1.68%	Reduced -569.5k	-569,507 -29.0%
33	OGE ENERGY CORP COM OGE	OGE	1,380,736	$47.4m1.68%	1.68%	Reduced -202.1k	-202,133 -12.8%
34	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	1,468,440	$42.8m1.52%	1.52%	Added +1.4m	+1,368,440 1368.4%
35	VERIZON COMMUNICATIONS INC COM VZ	VZ	942,767	$39.6m1.40%	1.40%	Reduced -100.0k	-100,000 -9.6%
36	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	597,945	$39.1m1.39%	1.39%	Added +115.4k	+115,413 23.9%
37	VISTRA CORP COM VST	VST	523,182	$36.4m1.29%	1.29%	Added +256.4k	+256,364 96.1%
38	QUANTA SVCS INC COM PWR	PWR	112,159	$29.1m1.03%	1.03%	New
39	AMEREN CORP COM AEE	AEE	360,727	$26.7m0.95%	0.95%	Reduced -282.8k	-282,762 -43.9%
40	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	88,032	$25.6m0.91%	0.91%	Reduced -19.6k	-19,595 -18.2%
41	CROWN CASTLE INC COM CCI	CCI	240,838	$25.5m0.90%	0.90%	Reduced -77.5k	-77,542 -24.4%
42	XCEL ENERGY INC COM XEL	XEL	436,276	$23.4m0.83%	0.83%	Reduced -1.1m	-1,052,420 -70.7%
43	EXELON CORP COM EXC	EXC	598,133	$22.5m0.80%	0.80%	Reduced -900.5k	-900,498 -60.1%
44	ONEOK INC NEW COM OKE	OKE	278,810	$22.4m0.79%	0.79%	Reduced -12.1k	-12,124 -4.2%
45	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	824,474	$20.2m0.72%	0.72%	New
46	LINDE PLC SHS LIN	LIN	28,379	$13.2m0.47%	0.47%	Reduced -7.1k	-7,060 -19.9%
47	FIRSTENERGY CORP COM FE	FE	337,000	$13.0m0.46%	0.46%	Reduced -11.1k	-11,100 -3.2%
48	IDACORP INC COM IDA	IDA	138,804	$12.9m0.46%	0.46%	Added +75.8k	+75,846 120.5%
49	ROGERS COMMUNICATIONS INC CL B RCI	RCI	254,822	$10.4m0.37%	0.37%	Reduced -53.7k	-53,721 -17.4%
50	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	21,560	$9.1m0.32%	0.32%	Reduced -1.3k	-1,277 -5.6%
51	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	36,714	$8.1m0.29%	0.29%	New
52	VERTIV HOLDINGS CO COM CL A VRT	VRT	55,000	$4.5m0.16%	0.16%	New
53	DIGITAL RLTY TR INC COM DLR	DLR	30,476	$4.4m0.16%	0.16%	Reduced -122.1k	-122,104 -80.0%
54	PROLOGIS INC. COM PLD	PLD	20,649	$2.7m0.10%	0.10%	Reduced -31.1k	-31,055 -60.1%
55	TELUS CORPORATION COM TU	TU	153,330	$2.5m0.09%	0.09%	Reduced -4.1k	-4,067 -2.6%
56	WEC ENERGY GROUP INC COM WEC	WEC	28,300	$2.3m0.08%	0.08%	Unchanged
57	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	86,033	$2.3m0.08%	0.08%	Reduced -5.5k	-5,520 -6.0%
58	NORTHWEST NAT HLDG CO COM NWN	NWN	59,410	$2.2m0.08%	0.08%	Reduced -450	-450 -0.8%
59	FORTIS INC COM FTS	FTS	53,970	$2.1m0.08%	0.08%	Unchanged
60	ALPHABET INC CAP STK CL A GOOGL	GOOGL	12,862	$1.9m0.07%	0.07%	Reduced -186	-186 -1.4%
61	SCE Trust IV PFD EIX V0 PERP J	EIX V0 PERP J	63,125	$1.5m0.05%	0.05%	Unchanged
62	EXXON MOBIL CORP COM XOM	XOM	12,800	$1.5m0.05%	0.05%	Unchanged
63	CHEVRON CORP NEW COM CVX	CVX	7,700	$1.2m0.04%	0.04%	Unchanged
64	ALPHABET INC CAP STK CL C GOOG	GOOG	7,140	$1.1m0.04%	0.04%	Reduced -10	-10 -0.1%
65	APPLE INC COM AAPL	AAPL	4,800	$823.0k0.03%	0.03%	Unchanged
66	PPG INDS INC COM PPG	PPG	5,000	$725.0k0.03%	0.03%	Unchanged
67	Deutsche Telekom AG ADR COM DTEGY	DTEGY	28,187	$685.0k0.02%	0.02%	Added +2.2k	+2,229 8.6%
68	JOHNSON & JOHNSON COM JNJ	JNJ	3,290	$520.0k0.02%	0.02%	Reduced -35	-35 -1.1%
69	PHILIP MORRIS INTL INC COM PM	PM	5,000	$458.0k0.02%	0.02%	Unchanged
70	SCE TR III PFD EIX V5.75 PERP H	EIX V5.75 PERP H	15,473	$396.0k0.01%	0.01%	Unchanged
71	SCHLUMBERGER LTD COM STK SLB	SLB	7,000	$384.0k0.01%	0.01%	Added +1.0k	+1,000 16.7%
72	ALTRIA GROUP INC COM MO	MO	8,000	$349.0k0.01%	0.01%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
NORFOLK SOUTHN CORP NSC	NSC	235,100	$55.6m235.1k shares
AMERICAN ELEC PWR CO INC AEP	AEP	382,938	$31.1m382.9k shares
DOMINION ENERGY INC D	D	547,434	$25.7m547.4k shares
REXFORD INDL RLTY INC REXR	REXR	72,052	$4.0m72.1k 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