REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2025-02-06

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.

$3.8bn reported value +3.8% vs Q3 2024

73positions

42.0%in top 10

6 new 25 added 31 reduced 10 sold out vs Q3 2024

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

VIRTUS ADVISERS, LLC – files its own report too; $1.5m of shares are in both

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

Holdings, Q4 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	TALEN ENERGY CORP COM TLN	TLN	1,270,773	$256.0m6.75%	6.75%	Reduced -42.3k	-42,293 -3.2%
2	VISTRA CORP COM VST	VST	1,640,542	$226.2m5.96%	5.96%	Added +85.9k	+85,904 5.5%
3	CONSTELLATION ENERGY CORP COM CEG	CEG	837,737	$187.4m4.94%	4.94%	Added +10.0k	+10,008 1.2%
4	ENTERGY CORP NEW COM ETR	ETR	2,012,308	$152.6m4.02%	4.02%	Reduced -293.1k	-293,074 -12.7%
5	NISOURCE INC COM NI	NI	4,026,404	$148.0m3.90%	3.90%	Added +257.9k	+257,922 6.8%
6	TXNM ENERGY INC COM TXNM	TXNM	2,908,905	$143.0m3.77%	3.77%	Added +1.0m	+1,018,659 53.9%
7	PPL CORP COM PPL	PPL	3,951,116	$128.3m3.38%	3.38%	Added +2.6m	+2,551,070 182.2%
8	NEXTERA ENERGY INC COM NEE	NEE	1,665,627	$119.4m3.15%	3.15%	Added +158.8k	+158,783 10.5%
9	PINNACLE WEST CAP CORP COM PNW	PNW	1,390,715	$117.9m3.11%	3.11%	Added +362.1k	+362,083 35.2%
10	SEMPRA COM SRE	SRE	1,317,858	$115.6m3.05%	3.05%	Reduced -269.4k	-269,414 -17.0%
11	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	3,593,940	$112.7m2.97%	2.97%	Unchanged
12	EQUINIX INC COM EQIX	EQIX	115,857	$109.2m2.88%	2.88%	Added +2.5k	+2,546 2.2%
13	IDACORP INC COM IDA	IDA	998,383	$109.1m2.88%	2.88%	Added +429.3k	+429,276 75.4%
14	DTE ENERGY CO COM DTE	DTE	881,447	$106.4m2.81%	2.81%	Reduced -21.7k	-21,698 -2.4%
15	XCEL ENERGY INC COM XEL	XEL	1,455,927	$98.3m2.59%	2.59%	Added +1.2m	+1,186,427 440.2%
16	DT MIDSTREAM INC COMMON STOCK DTM	DTM	981,879	$97.6m2.57%	2.57%	Added +74.3k	+74,329 8.2%
17	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	432,617	$88.2m2.32%	2.32%	Added +43.4k	+43,371 11.1%
18	CENTERPOINT ENERGY INC COM CNP	CNP	2,769,451	$87.9m2.32%	2.32%	Reduced -2.0m	-1,978,940 -41.7%
19	ATMOS ENERGY CORP COM ATO	ATO	617,674	$86.0m2.27%	2.27%	Added +64.6k	+64,602 11.7%
20	CMS ENERGY CORP COM CMS	CMS	1,278,281	$85.2m2.25%	2.25%	Reduced -51.1k	-51,117 -3.9%
21	COMCAST CORP NEW CL A CMCSA	CMCSA	2,184,079	$82.0m2.16%	2.16%	Added +617.9k	+617,932 39.5%
22	QUANTA SVCS INC COM PWR	PWR	256,478	$81.1m2.14%	2.14%	Reduced -1.1k	-1,133 -0.4%
23	CAMECO CORP COM CCJ	CCJ	1,438,968	$73.9m1.95%	1.95%	Reduced -3.9k	-3,895 -0.3%
24	PG&E CORP COM PCG	PCG	3,534,036	$71.3m1.88%	1.88%	Reduced -1.2m	-1,181,897 -25.1%
25	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	828,610	$70.0m1.85%	1.85%	Added +62.3k	+62,274 8.1%
26	UNION PAC CORP COM UNP	UNP	303,261	$69.2m1.82%	1.82%	Reduced -1.4k	-1,449 -0.5%
27	T-MOBILE US INC COM TMUS	TMUS	311,803	$68.8m1.81%	1.81%	Reduced -4.1k	-4,086 -1.3%
28	EDISON INTL COM EIX	EIX	774,721	$61.9m1.63%	1.63%	Reduced -434.4k	-434,381 -35.9%
29	WILLIAMS COS INC COM WMB	WMB	1,140,093	$61.7m1.63%	1.63%	Added +4.6k	+4,646 0.4%
30	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	698,518	$53.8m1.42%	1.42%	Added +102.0k	+101,956 17.1%
31	NORFOLK SOUTHN CORP COM NSC	NSC	219,300	$51.5m1.36%	1.36%	Added +41.7k	+41,700 23.5%
32	OGE ENERGY CORP COM OGE	OGE	1,225,374	$50.5m1.33%	1.33%	Reduced -37.5k	-37,493 -3.0%
33	ALLIANT ENERGY CORP COM LNT	LNT	786,898	$46.5m1.23%	1.23%	Reduced -728.1k	-728,099 -48.1%
34	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	122,153	$41.9m1.10%	1.10%	Added +46.4k	+46,410 61.3%
35	VERTIV HOLDINGS CO COM CL A VRT	VRT	314,795	$35.8m0.94%	0.94%	Reduced -80.1k	-80,108 -20.3%
36	AMERICAN TOWER CORP NEW COM AMT	AMT	193,337	$35.5m0.93%	0.93%	Reduced -45.2k	-45,175 -18.9%
37	EXXON MOBIL CORP COM XOM	XOM	326,075	$35.1m0.92%	0.92%	Added +313.3k	+313,275 2447.5%
38	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	252,764	$31.5m0.83%	0.83%	Reduced -110.0k	-110,000 -30.3%
39	ONEOK INC NEW COM OKE	OKE	294,624	$29.6m0.78%	0.78%	Added +269.3k	+269,317 1064.2%
40	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	708,528	$24.6m0.65%	0.65%	Reduced -74.8k	-74,844 -9.6%
41	DYCOM INDS INC COM DY	DY	117,429	$20.4m0.54%	0.54%	Added +82.1k	+82,071 232.1%
42	MARATHON PETE CORP COM MPC	MPC	135,000	$18.8m0.50%	0.50%	New
43	VERIZON COMMUNICATIONS INC COM VZ	VZ	464,366	$18.6m0.49%	0.49%	Reduced -478.4k	-478,401 -50.7%
44	CENTRUS ENERGY CORP CL A LEU	LEU	228,413	$15.2m0.40%	0.40%	New
45	LINDE PLC SHS LIN	LIN	21,596	$9.0m0.24%	0.24%	Reduced -355	-355 -1.6%
46	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	18,328	$8.3m0.22%	0.22%	Reduced -59	-59 -0.3%
47	CANADIAN PACIFIC KANSAS CITY COM CP	CP	86,166	$6.2m0.16%	0.16%	Reduced -166.7k	-166,743 -65.9%
48	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	34,389	$6.1m0.16%	0.16%	Reduced -5.2k	-5,191 -13.1%
49	DIGITAL RLTY TR INC COM DLR	DLR	30,440	$5.4m0.14%	0.14%	Reduced -36	-36 -0.1%
50	CHESAPEAKE UTILS CORP COM CPK	CPK	30,000	$3.6m0.10%	0.10%	Unchanged
51	SOUTHERN CO COM SO	SO	41,745	$3.4m0.09%	0.09%	Reduced -26	-26 -0.1%
52	JOHNSON CTLS INTL PLC SHS JCI	JCI	42,749	$3.4m0.09%	0.09%	New
53	CANADIAN NATL RY CO COM CNI	CNI	29,723	$3.0m0.08%	0.08%	Reduced -281.6k	-281,586 -90.5%
54	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	85,731	$2.7m0.07%	0.07%	Added +1.3k	+1,329 1.6%
55	ALPHABET INC CAP STK CL A GOOGL	GOOGL	11,910	$2.3m0.06%	0.06%	Reduced -798	-798 -6.3%
56	SCE Trust IV PFD EIX V0 PERP J	EIX V0 PERP J	63,125	$1.5m0.04%	0.04%	Unchanged
57	CHEVRON CORP NEW COM CVX	CVX	10,630	$1.5m0.04%	0.04%	Added +2.9k	+2,930 38.0%
58	ALPHABET INC CAP STK CL C GOOG	GOOG	6,630	$1.3m0.03%	0.03%	Unchanged
59	APPLE INC COM AAPL	AAPL	4,800	$1.2m0.03%	0.03%	Unchanged
60	MPLX LP COM UNIT REP LTD MPLX	MPLX	25,000	$1.2m0.03%	0.03%	New
61	Deutsche Telekom AG ADR COM DTEGY	DTEGY	33,464	$1.0m0.03%	0.03%	Added +7.7k	+7,717 30.0%
62	NORTHWEST NAT HLDG CO COM NWN	NWN	25,164	$995.0k0.03%	0.03%	Reduced -3.9k	-3,862 -13.3%
63	MDU RES GROUP INC COM MDU	MDU	50,000	$901.0k0.02%	0.02%	Unchanged
64	EVERUS CONSTR GROUP COM ECG	ECG	12,500	$822.0k0.02%	0.02%	New
65	PROLOGIS INC. COM PLD	PLD	7,756	$820.0k0.02%	0.02%	Reduced -327	-327 -4.0%
66	DUKE ENERGY CORP NEW COM NEW DUK	DUK	7,215	$777.0k0.02%	0.02%	Reduced -48.3k	-48,335 -87.0%
67	EXELON CORP COM EXC	EXC	17,840	$671.0k0.02%	0.02%	Reduced -2.4k	-2,395 -11.8%
68	PHILIP MORRIS INTL INC COM PM	PM	5,000	$602.0k0.02%	0.02%	Unchanged
69	PPG INDS INC COM PPG	PPG	5,000	$597.0k0.02%	0.02%	Unchanged
70	NEW JERSEY RES CORP COM NJR	NJR	12,505	$583.0k0.02%	0.02%	New
71	JOHNSON & JOHNSON COM JNJ	JNJ	3,280	$474.0k0.01%	0.01%	Unchanged
72	UNITED STATES CELLULAR CORP COM AD	AD	7,500	$470.0k0.01%	0.01%	Unchanged
73	ALTRIA GROUP INC COM MO	MO	8,000	$418.0k0.01%	0.01%	Unchanged

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
BCE INC BCE	BCE	1,214,195	$42.3m1.2m shares
CROWN CASTLE INC CCI	CCI	210,404	$25.0m210.4k shares
AMEREN CORP AEE	AEE	278,000	$24.3m278.0k shares
FIRSTENERGY CORP FE	FE	190,000	$8.4m190.0k shares
WEC ENERGY GROUP INC WEC	WEC	28,300	$2.7m28.3k shares
TELUS CORPORATION TU	TU	126,719	$2.1m126.7k shares
FORTIS INC FTS	FTS	33,970	$1.5m34.0k shares
ROGERS COMMUNICATIONS INC RCI	RCI	35,923	$1.4m35.9k shares
SCHLUMBERGER LTD SLB	SLB	7,000	$294.0k7.0k shares
AMERICAN ELEC PWR CO INC AEP	AEP	2,095	$215.0k2.1k 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