REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2025-05-09

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.

$3.9bn reported value +3.6% vs Q4 2024

79positions

43.4%in top 10

6 new 33 added 21 reduced 0 sold out vs Q4 2024

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

VIRTUS ADVISERS, LLC – files its own report too; $3.2m of shares are in both

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

Holdings, Q1 2025

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	1,213,007	$242.2m6.16%	6.16%	Reduced -57.8k	-57,766 -4.5%
2	ENTERGY CORP NEW COM ETR	ETR	2,326,855	$198.9m5.06%	5.06%	Added +314.5k	+314,547 15.6%
3	VISTRA CORP COM VST	VST	1,484,344	$174.3m4.44%	4.44%	Reduced -156.2k	-156,198 -9.5%
4	NISOURCE INC COM NI	NI	4,153,470	$166.5m4.24%	4.24%	Added +127.1k	+127,066 3.2%
5	XCEL ENERGY INC COM XEL	XEL	2,300,559	$162.9m4.14%	4.14%	Added +844.6k	+844,632 58.0%
6	TXNM ENERGY INC COM TXNM	TXNM	3,023,146	$161.7m4.11%	4.11%	Added +114.2k	+114,241 3.9%
7	CENTERPOINT ENERGY INC COM CNP	CNP	4,385,632	$158.9m4.04%	4.04%	Added +1.6m	+1,616,181 58.4%
8	PPL CORP COM PPL	PPL	4,139,985	$149.5m3.80%	3.80%	Added +188.9k	+188,869 4.8%
9	CONSTELLATION ENERGY CORP COM CEG	CEG	724,061	$146.0m3.72%	3.72%	Reduced -113.7k	-113,676 -13.6%
10	IDACORP INC COM IDA	IDA	1,247,925	$145.0m3.69%	3.69%	Added +249.5k	+249,542 25.0%
11	PINNACLE WEST CAP CORP COM PNW	PNW	1,509,511	$143.8m3.66%	3.66%	Added +118.8k	+118,796 8.5%
12	SEMPRA COM SRE	SRE	1,894,657	$135.2m3.44%	3.44%	Added +576.8k	+576,799 43.8%
13	EQUINIX INC COM EQIX	EQIX	157,654	$128.5m3.27%	3.27%	Added +41.8k	+41,797 36.1%
14	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	3,593,940	$122.7m3.12%	3.12%	Unchanged
15	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	1,312,292	$108.0m2.75%	2.75%	Added +483.7k	+483,682 58.4%
16	ATMOS ENERGY CORP COM ATO	ATO	658,135	$101.7m2.59%	2.59%	Added +40.5k	+40,461 6.5%
17	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	407,152	$89.6m2.28%	2.28%	Reduced -25.5k	-25,465 -5.9%
18	DTE ENERGY CO COM DTE	DTE	599,845	$82.9m2.11%	2.11%	Reduced -281.6k	-281,602 -31.9%
19	COMCAST CORP NEW CL A CMCSA	CMCSA	1,992,699	$73.5m1.87%	1.87%	Reduced -191.4k	-191,380 -8.8%
20	DT MIDSTREAM INC COMMON STOCK DTM	DTM	755,533	$72.9m1.86%	1.86%	Reduced -226.3k	-226,346 -23.1%
21	QUANTA SVCS INC COM PWR	PWR	281,585	$71.6m1.82%	1.82%	Added +25.1k	+25,107 9.8%
22	NEXTERA ENERGY INC COM NEE	NEE	1,009,024	$71.5m1.82%	1.82%	Reduced -656.6k	-656,603 -39.4%
23	UNION PAC CORP COM UNP	UNP	302,342	$71.4m1.82%	1.82%	Reduced -919	-919 -0.3%
24	CAMECO CORP COM CCJ	CCJ	1,602,703	$66.0m1.68%	1.68%	Added +163.7k	+163,735 11.4%
25	T-MOBILE US INC COM TMUS	TMUS	213,949	$57.1m1.45%	1.45%	Reduced -97.9k	-97,854 -31.4%
26	OGE ENERGY CORP COM OGE	OGE	1,219,631	$56.1m1.43%	1.43%	Reduced -5.7k	-5,743 -0.5%
27	PG&E CORP COM PCG	PCG	3,238,421	$55.6m1.42%	1.42%	Reduced -295.6k	-295,615 -8.4%
28	NORFOLK SOUTHN CORP COM NSC	NSC	219,300	$51.9m1.32%	1.32%	Unchanged
29	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	139,153	$51.3m1.31%	1.31%	Added +17.0k	+17,000 13.9%
30	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	808,061	$49.5m1.26%	1.26%	Added +109.5k	+109,543 15.7%
31	EDISON INTL COM EIX	EIX	775,822	$45.7m1.16%	1.16%	Added +1.1k	+1,101 0.1%
32	AMERICAN TOWER CORP NEW COM AMT	AMT	193,037	$42.0m1.07%	1.07%	Reduced -300	-300 -0.2%
33	ALLIANT ENERGY CORP COM LNT	LNT	652,044	$42.0m1.07%	1.07%	Reduced -134.9k	-134,854 -17.1%
34	EXXON MOBIL CORP COM XOM	XOM	346,890	$41.3m1.05%	1.05%	Added +20.8k	+20,815 6.4%
35	WILLIAMS COS INC COM WMB	WMB	673,122	$40.2m1.02%	1.02%	Reduced -467.0k	-466,971 -41.0%
36	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	252,764	$37.3m0.95%	0.95%	Unchanged
37	ONEOK INC NEW COM OKE	OKE	346,239	$34.4m0.87%	0.87%	Added +51.6k	+51,615 17.5%
38	AMERICAN ELEC PWR CO INC COM AEP	AEP	275,730	$30.1m0.77%	0.77%	New
39	CMS ENERGY CORP COM CMS	CMS	361,378	$27.1m0.69%	0.69%	Reduced -916.9k	-916,903 -71.7%
40	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	708,872	$25.4m0.65%	0.65%	Added +344	+344 0.1%
41	VERTIV HOLDINGS CO COM CL A VRT	VRT	314,795	$22.7m0.58%	0.58%	Unchanged
42	MARATHON PETE CORP COM MPC	MPC	150,000	$21.9m0.56%	0.56%	Added +15.0k	+15,000 11.1%
43	DYCOM INDS INC COM DY	DY	141,108	$21.5m0.55%	0.55%	Added +23.7k	+23,679 20.2%
44	CENTRUS ENERGY CORP CL A LEU	LEU	228,696	$14.2m0.36%	0.36%	Added +283	+283 0.1%
45	VERIZON COMMUNICATIONS INC COM VZ	VZ	284,665	$12.9m0.33%	0.33%	Reduced -179.7k	-179,701 -38.7%
46	LINDE PLC SHS LIN	LIN	21,081	$9.8m0.25%	0.25%	Reduced -515	-515 -2.4%
47	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	18,328	$9.8m0.25%	0.25%	Unchanged
48	AT&T INC COM T	T	293,768	$8.3m0.21%	0.21%	New
49	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	40,770	$6.7m0.17%	0.17%	Added +6.4k	+6,381 18.6%
50	NRG ENERGY INC COM NEW NRG	NRG	67,233	$6.4m0.16%	0.16%	New
51	GE VERNOVA INC COM GEV	GEV	20,000	$6.1m0.16%	0.16%	New
52	EQT CORP COM EQT	EQT	112,618	$6.0m0.15%	0.15%	New
53	MPLX LP COM UNIT REP LTD MPLX	MPLX	110,000	$5.9m0.15%	0.15%	Added +85.0k	+85,000 340.0%
54	DIGITAL RLTY TR INC COM DLR	DLR	40,590	$5.8m0.15%	0.15%	Added +10.2k	+10,150 33.3%
55	JOHNSON CTLS INTL PLC SHS JCI	JCI	49,983	$4.0m0.10%	0.10%	Added +7.2k	+7,234 16.9%
56	CHESAPEAKE UTILS CORP COM CPK	CPK	30,000	$3.9m0.10%	0.10%	Unchanged
57	SOUTHERN CO COM SO	SO	34,398	$3.2m0.08%	0.08%	Reduced -7.3k	-7,347 -17.6%
58	CANADIAN NATL RY CO COM CNI	CNI	29,723	$2.9m0.07%	0.07%	Unchanged
59	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	25,000	$2.8m0.07%	0.07%	New
60	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	87,192	$2.8m0.07%	0.07%	Added +1.5k	+1,461 1.7%
61	NEW JERSEY RES CORP COM NJR	NJR	47,086	$2.3m0.06%	0.06%	Added +34.6k	+34,581 276.5%
62	CHEVRON CORP NEW COM CVX	CVX	11,170	$1.9m0.05%	0.05%	Added +540	+540 5.1%
63	ALPHABET INC CAP STK CL A GOOGL	GOOGL	11,910	$1.8m0.05%	0.05%	Unchanged
64	Deutsche Telekom AG ADR COM DTEGY	DTEGY	38,504	$1.4m0.04%	0.04%	Added +5.0k	+5,040 15.1%
65	SCE Trust IV PFD EIX V0 PERP J	EIX V0 PERP J	63,125	$1.4m0.04%	0.04%	Unchanged
66	NORTHWEST NAT HLDG CO COM NWN	NWN	25,944	$1.1m0.03%	0.03%	Added +780	+780 3.1%
67	APPLE INC COM AAPL	AAPL	4,800	$1.1m0.03%	0.03%	Unchanged
68	ALPHABET INC CAP STK CL C GOOG	GOOG	6,630	$1.0m0.03%	0.03%	Unchanged
69	DUKE ENERGY CORP NEW COM NEW DUK	DUK	8,304	$1.0m0.03%	0.03%	Added +1.1k	+1,089 15.1%
70	MDU RES GROUP INC COM MDU	MDU	50,000	$845.5k0.02%	0.02%	Unchanged
71	PROLOGIS INC. COM PLD	PLD	7,356	$822.3k0.02%	0.02%	Reduced -400	-400 -5.2%
72	EXELON CORP COM EXC	EXC	17,840	$822.1k0.02%	0.02%	Unchanged
73	PHILIP MORRIS INTL INC COM PM	PM	5,000	$793.6k0.02%	0.02%	Unchanged
74	CANADIAN PACIFIC KANSAS CITY COM CP	CP	9,344	$656.0k0.02%	0.02%	Reduced -76.8k	-76,822 -89.2%
75	PPG INDS INC COM PPG	PPG	5,000	$546.8k0.01%	0.01%	Unchanged
76	JOHNSON & JOHNSON COM JNJ	JNJ	3,280	$544.0k0.01%	0.01%	Unchanged
77	UNITED STATES CELLULAR CORP COM AD	AD	7,500	$518.6k0.01%	0.01%	Unchanged
78	ALTRIA GROUP INC COM MO	MO	8,000	$480.2k0.01%	0.01%	Unchanged
79	EVERUS CONSTR GROUP COM ECG	ECG	12,500	$463.6k0.01%	0.01%	Unchanged

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