REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2026-05-07

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.

$6.0bn reported value +5.4% vs Q4 2025

90positions

47.0%in top 10

8 new 27 added 39 reduced 5 sold out vs Q4 2025

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

VIRTUS ADVISERS, LLC – files its own report too; $2.3m of shares are in both

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

Holdings, Q1 2026

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	1,510,697	$482.3m8.00%	8.00%	Reduced -11.0k	-11,000 -0.7%
2	CONSTELLATION ENERGY CORP COM CEG	CEG	1,203,513	$336.1m5.58%	5.58%	Added +69.6k	+69,568 6.1%
3	VISTRA CORP COM VST	VST	2,094,547	$314.9m5.23%	5.23%	Reduced -102.7k	-102,745 -4.7%
4	CENTERPOINT ENERGY INC COM CNP	CNP	7,003,120	$302.3m5.02%	5.02%	Reduced -663.4k	-663,398 -8.7%
5	XCEL ENERGY INC COM XEL	XEL	3,548,909	$281.9m4.68%	4.68%	Reduced -31.0k	-31,009 -0.9%
6	IDACORP INC COM IDA	IDA	1,800,478	$257.4m4.27%	4.27%	Reduced -7.3k	-7,333 -0.4%
7	ENTERGY CORP NEW COM ETR	ETR	2,242,772	$252.0m4.18%	4.18%	Reduced -203.8k	-203,821 -8.3%
8	ALLIANT ENERGY CORP COM LNT	LNT	2,993,426	$214.8m3.56%	3.56%	Reduced -63.8k	-63,827 -2.1%
9	SEMPRA COM SRE	SRE	2,068,019	$200.9m3.33%	3.33%	Reduced -72.4k	-72,376 -3.4%
10	NISOURCE INC COM NI	NI	4,112,345	$191.9m3.18%	3.18%	Reduced -1.3m	-1,312,388 -24.2%
11	EQUINIX INC COM EQIX	EQIX	173,816	$170.4m2.83%	2.83%	Added +4.8k	+4,848 2.9%
12	CMS ENERGY CORP COM CMS	CMS	2,114,254	$164.0m2.72%	2.72%	Added +27.0k	+26,971 1.3%
13	GE VERNOVA INC COM GEV	GEV	175,052	$152.8m2.54%	2.54%	Added +101.6k	+101,649 138.5%
14	WILLIAMS COS INC COM WMB	WMB	2,089,760	$152.1m2.52%	2.52%	Added +795.3k	+795,343 61.4%
15	PPL CORP COM PPL	PPL	3,706,113	$141.6m2.35%	2.35%	Reduced -718.7k	-718,701 -16.2%
16	QUANTA SVCS INC COM PWR	PWR	250,284	$137.4m2.28%	2.28%	Reduced -20.3k	-20,325 -7.5%
17	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	3,493,940	$132.2m2.19%	2.19%	Unchanged
18	MP MATERIALS CORP COM CL A MP	MP	2,608,770	$125.9m2.09%	2.09%	Reduced -756	-756 -0.0%
19	DT MIDSTREAM INC COMMON STOCK DTM	DTM	932,483	$125.6m2.08%	2.08%	Added +169.7k	+169,730 22.2%
20	CAMECO CORP COM CCJ	CCJ	1,126,885	$122.4m2.03%	2.03%	Reduced -327.1k	-327,093 -22.5%
21	NEXTERA ENERGY INC COM NEE	NEE	1,316,141	$122.2m2.03%	2.03%	Reduced -13.5k	-13,487 -1.0%
22	AMEREN CORP COM AEE	AEE	1,072,573	$117.9m1.96%	1.96%	Reduced -12.1k	-12,091 -1.1%
23	PINNACLE WEST CAP CORP COM PNW	PNW	1,078,046	$108.6m1.80%	1.80%	Reduced -641.7k	-641,728 -37.3%
24	NRG ENERGY INC COM NEW NRG	NRG	734,285	$107.3m1.78%	1.78%	Added +162.7k	+162,657 28.5%
25	CORNING INC COM GLW	GLW	763,193	$103.8m1.72%	1.72%	Added +4.1k	+4,118 0.5%
26	CANADIAN PACIFIC KANSAS CITY COM CP	CP	1,078,191	$84.8m1.41%	1.41%	Added +1.1m	+1,070,000 13063.1%
27	DYCOM INDS INC COM DY	DY	248,140	$84.1m1.40%	1.40%	Added +104.9k	+104,928 73.3%
28	OGE ENERGY CORP COM OGE	OGE	1,603,609	$76.9m1.28%	1.28%	Reduced -340.6k	-340,592 -17.5%
29	EQT CORP COM EQT	EQT	1,089,757	$69.4m1.15%	1.15%	Reduced -72.2k	-72,218 -6.2%
30	WEC ENERGY GROUP INC COM WEC	WEC	562,957	$65.2m1.08%	1.08%	Added +185.5k	+185,456 49.1%
31	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	322,464	$55.5m0.92%	0.92%	Reduced -40.0k	-40,000 -11.0%
32	MARATHON PETE CORP COM MPC	MPC	220,615	$53.9m0.89%	0.89%	Added +53.6k	+53,615 32.1%
33	ARISTA NETWORKS INC COM SHS ANET	ANET	415,240	$51.0m0.85%	0.85%	Added +391.9k	+391,904 1679.4%
34	COHERENT CORP COM COHR	COHR	205,831	$49.0m0.81%	0.81%	Added +179.8k	+179,831 691.7%
35	DTE ENERGY CO COM DTE	DTE	323,705	$47.3m0.79%	0.79%	Reduced -93.8k	-93,821 -22.5%
36	AMERICAN ELEC PWR CO INC COM AEP	AEP	344,722	$45.2m0.75%	0.75%	New
37	MPLX LP COM UNIT REP LTD MPLX	MPLX	670,500	$38.3m0.63%	0.63%	Unchanged
38	CENTRUS ENERGY CORP CL A LEU	LEU	211,918	$36.8m0.61%	0.61%	Added +37.4k	+37,418 21.4%
39	USA RARE EARTH INC COM USAR	USAR	2,320,000	$35.1m0.58%	0.58%	New
40	NATIONAL FUEL GAS CO COM NFG	NFG	314,465	$29.5m0.49%	0.49%	New
41	LUMENTUM HLDGS INC COM LITE	LITE	41,815	$29.4m0.49%	0.49%	Added +21.3k	+21,315 104.0%
42	X-ENERGY REACTOR CO. LLC SERIE PFD PFD		1,891,802	$27.5m0.46%	0.46%	Unchanged
43	RICE ACQUISITION CORP 3 UNIT 99/99/9999 KRSP.U	KRSP.U	2,400,000	$25.4m0.42%	0.42%	Unchanged
44	CROWN CASTLE INC COM CCI	CCI	287,589	$23.4m0.39%	0.39%	Reduced -39.2k	-39,209 -12.0%
45	T-MOBILE US INC COM TMUS	TMUS	106,969	$22.5m0.37%	0.37%	Reduced -43.7k	-43,668 -29.0%
46	IRON MTN INC DEL COM IRM	IRM	213,549	$21.8m0.36%	0.36%	Added +159.6k	+159,649 296.2%
47	TIC SOLUTIONS INC COM TIC	TIC	3,076,170	$20.2m0.34%	0.34%	Added +926.2k	+926,179 43.1%
48	VERTIV HOLDINGS CO COM CL A VRT	VRT	72,880	$18.3m0.30%	0.30%	Reduced -10.0k	-10,000 -12.1%
49	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	215,103	$17.4m0.29%	0.29%	Reduced -347.9k	-347,888 -61.8%
50	DIGITAL RLTY TR INC COM DLR	DLR	94,022	$16.9m0.28%	0.28%	Reduced -281	-281 -0.3%
51	AMERICAN TOWER CORP NEW COM AMT	AMT	98,037	$16.9m0.28%	0.28%	Unchanged
52	UNION PAC CORP COM UNP	UNP	67,160	$16.3m0.27%	0.27%	Reduced -13.0k	-13,003 -16.2%
53	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	69,200	$13.5m0.22%	0.22%	Added +65.0k	+65,000 1547.6%
54	UNITIL CORP COM UTL	UTL	248,275	$13.0m0.22%	0.22%	Reduced -26.7k	-26,725 -9.7%
55	WATERBRIDGE INFRASTRUCTURE L CL A SHS REPSTG WBI	WBI	450,000	$12.1m0.20%	0.20%	Unchanged
56	SOLV ENERGY INC COM SHS CL A MWH	MWH	400,000	$12.0m0.20%	0.20%	New
57	TAMBORAN RES CORP COM TBN	TBN	170,000	$8.5m0.14%	0.14%	Added +70.0k	+70,000 70.0%
58	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	17,726	$8.5m0.14%	0.14%	Reduced -25	-25 -0.1%
59	CHENIERE ENERGY INC COM NEW LNG	LNG	24,000	$6.8m0.11%	0.11%	New
60	JOHNSON CTLS INTL PLC SHS JCI	JCI	49,666	$6.5m0.11%	0.11%	Reduced -330	-330 -0.7%
61	SJW GROUP COM HTO	HTO	100,000	$5.9m0.10%	0.10%	New
62	LITHIUM AMERS CORP NEW COM SHS LAC	LAC	1,240,000	$4.9m0.08%	0.08%	Added +200.0k	+200,000 19.2%
63	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	84,562	$3.3m0.06%	0.06%	Added +1.2k	+1,236 1.5%
64	ATMOS ENERGY CORP COM ATO	ATO	16,660	$3.1m0.05%	0.05%	Reduced -18	-18 -0.1%
65	CHESAPEAKE UTILS CORP COM CPK	CPK	20,000	$2.5m0.04%	0.04%	Reduced -10.0k	-10,000 -33.3%
66	F5 INC COM FFIV	FFIV	8,589	$2.5m0.04%	0.04%	New
67	TXNM ENERGY INC COM TXNM	TXNM	41,188	$2.4m0.04%	0.04%	Reduced -2.4m	-2,436,475 -98.3%
68	SOUTHERN CO COM SO	SO	24,767	$2.4m0.04%	0.04%	Added +119	+119 0.5%
69	EXXON MOBIL CORP COM XOM	XOM	12,800	$2.2m0.04%	0.04%	Reduced -5.1k	-5,110 -28.5%
70	LINDE PLC SHS LIN	LIN	4,349	$2.2m0.04%	0.04%	Reduced -3	-3 -0.1%
71	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	14,000	$1.8m0.03%	0.03%	Reduced -11.0k	-11,000 -44.0%
72	PG&E CORP COM PCG	PCG	99,104	$1.7m0.03%	0.03%	Unchanged
73	Deutsche Telekom AG ADR COM DTEGY	DTEGY	38,399	$1.4m0.02%	0.02%	Added +540	+540 1.4%
74	APPLE INC COM AAPL	AAPL	4,800	$1.2m0.02%	0.02%	Unchanged
75	DUKE ENERGY CORP NEW COM NEW DUK	DUK	8,277	$1.1m0.02%	0.02%	Added +113	+113 1.4%
76	ONEOK INC NEW COM OKE	OKE	11,810	$1.1m0.02%	0.02%	Reduced -449.9k	-449,930 -97.4%
77	PROLOGIS INC. COM PLD	PLD	7,356	$972.3k0.02%	0.02%	Unchanged
78	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	6,145	$836.3k0.01%	0.01%	Unchanged
79	PHILIP MORRIS INTL INC COM PM	PM	5,000	$826.7k0.01%	0.01%	Unchanged
80	EVERGY INC COM EVRG	EVRG	10,087	$826.3k0.01%	0.01%	Added +163	+163 1.6%
81	NEW JERSEY RES CORP COM NJR	NJR	14,615	$802.7k0.01%	0.01%	Added +195	+195 1.4%
82	JOHNSON & JOHNSON COM JNJ	JNJ	3,278	$801.3k0.01%	0.01%	Unchanged
83	COMCAST CORP NEW CL A CMCSA	CMCSA	26,200	$752.2k0.01%	0.01%	Reduced -663.9k	-663,900 -96.2%
84	CHEVRON CORP NEW COM CVX	CVX	3,464	$716.7k0.01%	0.01%	Reduced -5.7k	-5,651 -62.0%
85	PPG INDS INC COM PPG	PPG	5,000	$534.4k0.01%	0.01%	Unchanged
86	COGENT COMMUNICATIONS HLDGS COM NEW CCOI	CCOI	28,098	$529.4k0.01%	0.01%	Reduced -231.0k	-231,000 -89.2%
87	ALTRIA GROUP INC COM MO	MO	8,000	$527.9k0.01%	0.01%	Unchanged
88	EXELON CORP COM EXC	EXC	7,990	$391.7k0.01%	0.01%	Unchanged
89	BAKER HUGHES COMPANY CL A BKR	BKR	5,000	$305.2k0.01%	0.01%	Unchanged
90	VERIZON COMMUNICATIONS INC COM VZ	VZ	4,665	$234.2k0.00%	0.00%	New

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
NORFOLK SOUTHN CORP NSC	NSC	131,000	$37.8m131.0k shares
NATIONAL FUEL GAS - Restricted		314,465	$25.0m314.5k shares
FRONTIER COMMUNICATIONS PARE FYBR	FYBR	587,933	$22.4m587.9k shares
CHARTER COMMUNICATIONS INC N CHTR	CHTR	24,500	$5.1m24.5k shares
EVERUS CONSTR GROUP ECG	ECG	12,500	$1.1m12.5k 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