Reaves W H & Co. Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Reaves W H & Co. Inc. reported 70 stock positions worth $2.7 billion. Its top holding was Constellation Energy (CEG) at 5.3% of the portfolio, followed by Public Service Enterprise GP (PEG, 3.8%) and Nisource (NI, 3.5%). Compared with Q4 2023, it opened 4 new positions, sold out of 4, added to 18 and reduced 40. The biggest buy was Constellation Energy (CEG, shares +23%) and the biggest sale Xcel Energy (XEL, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- JERSEY CITY, NJ
- CIK
- 0000740913
- Portfolio Value
- $2.7B (Q1 2024)
- SEC Filing
- 0000740913-24-000006 ↗ filed May 7, 2024
Holdings Value
Holdings 70 stocks · $2.7B
| CEG Constellation Energy | 5.25% | 777,707 | $143.8M | Add +23.3% |
| PEG Public Service Enterprise GP | 3.84% | 1,572,001 | $105.0M | Add +73.8% |
| NI Nisource Inc. | 3.46% | 3,420,349 | $94.6M | Reduce -19.2% |
| CNP Centerpoint Energy Inc. | 3.38% | 3,246,391 | $92.5M | Add +40.3% |
| CMS CMS Energy Corp. | 3.27% | 1,481,220 | $89.4M | Reduce -17.6% |
| UNP Union Pacific Corp. | 3.13% | 348,392 | $85.7M | Reduce -1.1% |
| PPL PPL Corp. | 3.10% | 3,085,289 | $84.9M | Reduce -7.0% |
| SRE Sempra | 3.09% | 1,175,459 | $84.4M | Add +3.8% |
| LNT Alliant Energy Corp. | 2.98% | 1,615,630 | $81.4M | Reduce -8.9% |
| EQIX Equinix Inc. | 2.96% | 98,003 | $80.9M | Add +28.3% |
| SBAC SBA Communications Corp. | 2.94% | 371,010 | $80.4M | Add +20.3% |
| ETR Entergy Corp. | 2.92% | 756,059 | $79.9M | Reduce -23.0% |
| PCG P G & E Corp. | 2.86% | 4,669,785 | $78.3M | Add +110.7% |
| CMCSA Comcast Corp. Class A | 2.68% | 1,690,406 | $73.3M | Reduce -17.9% |
| PNW Pinnacle West Capital | 2.65% | 969,176 | $72.4M | Add +19.0% |
| EIX Edison International | 2.44% | 945,732 | $66.9M | Reduce -12.8% |
| TXNM TXNM Energy Inc. filed as PNM RES INC | 2.39% | 1,740,227 | $65.5M | Add +6084.6% |
| NEE Nextera Energy Inc. | 2.37% | 1,015,532 | $64.9M | Reduce -0.5% |
| SO The Southern Co. | 2.27% | 866,668 | $62.2M | Reduce -1.1% |
| DTE DTE Energy Company | 2.22% | 542,270 | $60.8M | Reduce -17.9% |
| ATO Atmos Energy Corp. | 2.22% | 511,480 | $60.8M | Reduce -9.1% |
| CNI Canadian Natl Railway Co. | 2.20% | 456,706 | $60.2M | Add +210.9% |
| DUK Duke Energy Corp. | 2.07% | 587,055 | $56.8M | Reduce -15.6% |
| TMUS T-Mobile US Inc. | 2.06% | 345,889 | $56.5M | Add +9.4% |
| DTM DT Midstream Inc. | 2.06% | 923,917 | $56.5M | Reduce -1.4% |
| AMT American Tower Corp. | 1.94% | 268,512 | $53.1M | Reduce -0.2% |
| WMB Williams Cos Inc. | 1.90% | 1,336,894 | $52.1M | Reduce -14.2% |
| CP Canadian Pacific Kansas City | 1.85% | 572,838 | $50.5M | Reduce -23.8% |
| AWK American Water Works Co. Inc. | 1.75% | 391,805 | $47.9M | Reduce -19.3% |
| TRP TC Energy Corp. | 1.73% | 1,180,000 | $47.4M | Reduce -3.3% |
| BCE Bce Inc. | 1.73% | 1,395,356 | $47.4M | Reduce -29.0% |
| OGE Oge Energy Corp. | 1.73% | 1,380,736 | $47.4M | Reduce -12.8% |
| EPD Enterprise Products Partners | 1.57% | 1,468,440 | $42.8M | Add +1368.4% |
| VZ Verizon Communications Inc. | 1.45% | 942,767 | $39.6M | Reduce -9.6% |
| CCOI Cogent Communications Holdin | 1.43% | 597,945 | $39.1M | Add +23.9% |
| VST Vistra Corp. | 1.33% | 523,182 | $36.4M | Add +96.1% |
| PWR Quanta Services Inc. | 1.06% | 112,159 | $29.1M | New |
| AEE Ameren Corporation | 0.98% | 360,727 | $26.7M | Reduce -43.9% |
| CHTR Charter Communications Inc. Class A | 0.94% | 88,032 | $25.6M | Reduce -18.2% |
| CCI Crown Castle Inc. | 0.93% | 240,838 | $25.5M | Reduce -24.4% |
| XEL Xcel Energy Inc. | 0.86% | 436,276 | $23.4M | Reduce -70.7% |
| EXC Exelon Corp. | 0.82% | 598,133 | $22.5M | Reduce -60.1% |
| OKE Oneok Inc. | 0.82% | 278,810 | $22.4M | Reduce -4.2% |
| FYBR Frontier Communications Pare | 0.74% | 824,474 | $20.2M | New |
| LIN Linde PLC | 0.48% | 28,379 | $13.2M | Reduce -19.9% |
| FE Firstenergy Corp. | 0.48% | 337,000 | $13.0M | Reduce -3.2% |
| IDA Idacorp Inc. | 0.47% | 138,804 | $12.9M | Add +120.5% |
| RCI Rogers Communications Inc. Class B | 0.38% | 254,822 | $10.4M | Reduce -17.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 21,560 | $9.1M | Reduce -5.6% |
| ODFL Old Dominion Freight Line | 0.29% | 36,714 | $8.1M | New |
| VRT Vertiv Holdings Co. Class A | 0.16% | 55,000 | $4.5M | New |
| DLR Digital Realty Trust Inc. | 0.16% | 30,476 | $4.4M | Reduce -80.0% |
| PLD Prologis Inc. | 0.10% | 20,649 | $2.7M | Reduce -60.1% |
| TU Telus Corp. | 0.09% | 153,330 | $2.5M | Reduce -2.6% |
| WEC WEC Energy Group Inc. | 0.08% | 28,300 | $2.3M | No change |
| UTG Reaves Utility Income Fund | 0.08% | 86,033 | $2.3M | Reduce -6.0% |
| NWN Northwest Natural Holding Co. | 0.08% | 59,410 | $2.2M | Reduce -0.8% |
| FTS Fortis Inc. | 0.08% | 53,970 | $2.1M | No change |
| GOOGL Alphabet Inc. Class A | 0.07% | 12,862 | $1.9M | Reduce -1.4% |
| XOM Exxon Mobil Corp. | 0.05% | 12,800 | $1.5M | No change |
| CVX Chevron Corp. | 0.04% | 7,700 | $1.2M | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 7,140 | $1.1M | Reduce -0.1% |
| AAPL Apple Inc. | 0.03% | 4,800 | $823K | No change |
| PPG PPG Industries Inc. | 0.03% | 5,000 | $725K | No change |
| DTEGY Deutsche Telekom AG-Spon ADR | 0.03% | 28,187 | $685K | Add +8.6% |
| JNJ Johnson & Johnson | 0.02% | 3,290 | $520K | Reduce -1.1% |
| PM Philip Morris International | 0.02% | 5,000 | $458K | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.01% | 7,000 | $384K | Add +16.7% |
| MO Altria Group Inc. | 0.01% | 8,000 | $349K | No change |
| TLN Talen Energy Corp. | 0.00% | 873,105 | $82K | Add +348.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SCE TRUST IV (EIX V0 PERP J) | PFD | 63,125 | $1.5M | No change |
| SCE TRUST III (EIX V5.75 PERP H) | FXD/FLT RT PFD | 15,473 | $396K | No change |
Total filed on the 13F, all lines: $2.7B.
Portfolio Sells Q4 2023 → Q1 2024
| XEL Xcel Energy Inc. | Reduce -70.7% | 0.86% | −2.49 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −2.02 |
| EXC Exelon Corp. | Reduce -60.1% | 0.82% | −1.13 |
| AEP American Electric Power | Sold out | 0.00% | −1.13 |
| BCE Bce Inc. | Reduce -29.0% | 1.73% | −1.08 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.94 |
| AEE Ameren Corporation | Reduce -43.9% | 0.98% | −0.72 |
| ETR Entergy Corp. | Reduce -23.0% | 2.92% | −0.69 |
| NI Nisource Inc. | Reduce -19.2% | 3.46% | −0.63 |
| CMCSA Comcast Corp. Class A | Reduce -17.9% | 2.68% | −0.61 |
| DLR Digital Realty Trust Inc. | Reduce -80.0% | 0.16% | −0.59 |
| CHTR Charter Communications Inc. Class A | Reduce -18.2% | 0.94% | −0.59 |
| AWK American Water Works Co. Inc. | Reduce -19.3% | 1.75% | −0.58 |
| CMS CMS Energy Corp. | Reduce -17.6% | 3.27% | −0.53 |
| DTE DTE Energy Company | Reduce -17.9% | 2.22% | −0.42 |
| CCI Crown Castle Inc. | Reduce -24.4% | 0.93% | −0.40 |
| DUK Duke Energy Corp. | Reduce -15.6% | 2.07% | −0.38 |
| EIX Edison International | Reduce -12.8% | 2.44% | −0.38 |
| LNT Alliant Energy Corp. | Reduce -8.9% | 2.98% | −0.33 |
| CP Canadian Pacific Kansas City | Reduce -23.8% | 1.85% | −0.31 |
| OGE Oge Energy Corp. | Reduce -12.8% | 1.73% | −0.28 |
| AMT American Tower Corp. | Reduce -0.2% | 1.94% | −0.17 |
| PPL PPL Corp. | Reduce -7.0% | 3.10% | −0.17 |
| PLD Prologis Inc. | Reduce -60.1% | 0.10% | −0.15 |
| ATO Atmos Energy Corp. | Reduce -9.1% | 2.22% | −0.15 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −0.15 |
| RCI Rogers Communications Inc. Class B | Reduce -17.4% | 0.38% | −0.14 |
| WMB Williams Cos Inc. | Reduce -14.2% | 1.90% | −0.07 |
| LIN Linde PLC | Reduce -19.9% | 0.48% | −0.05 |
| UNP Union Pacific Corp. | Reduce -1.1% | 3.13% | −0.02 |
| TU Telus Corp. | Reduce -2.6% | 0.09% | −0.01 |
| UTG Reaves Utility Income Fund | Reduce -6.0% | 0.08% | −0.00 |
| NWN Northwest Natural Holding Co. | Reduce -0.8% | 0.08% | −0.00 |
| TRP TC Energy Corp. | Reduce -3.3% | 1.73% | −0.00 |
| JNJ Johnson & Johnson | Reduce -1.1% | 0.02% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.04% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 0.07% | +0.00 |
| FE Firstenergy Corp. | Reduce -3.2% | 0.48% | +0.01 |
| VZ Verizon Communications Inc. | Reduce -9.6% | 1.45% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.6% | 0.33% | +0.04 |
| SO The Southern Co. | Reduce -1.1% | 2.27% | +0.04 |
| OKE Oneok Inc. | Reduce -4.2% | 0.82% | +0.07 |
| NEE Nextera Energy Inc. | Reduce -0.5% | 2.37% | +0.12 |
| DTM DT Midstream Inc. | Reduce -1.4% | 2.06% | +0.20 |
Portfolio Buys Q4 2023 → Q1 2024
| CEG Constellation Energy | Add +23.3% | 5.25% | +2.57 |
| TXNM TXNM Energy Inc. | Add +6084.6% | 2.39% | +2.35 |
| PEG Public Service Enterprise GP | Add +73.8% | 3.84% | +1.83 |
| CNI Canadian Natl Railway Co. | Add +210.9% | 2.20% | +1.53 |
| EPD Enterprise Products Partners | Add +1368.4% | 1.57% | +1.47 |
| PCG P G & E Corp. | Add +110.7% | 2.86% | +1.41 |
| PWR Quanta Services Inc. | New | 1.06% | +1.06 |
| CNP Centerpoint Energy Inc. | Add +40.3% | 3.38% | +0.98 |
| VST Vistra Corp. | Add +96.1% | 1.33% | +0.96 |
| FYBR Frontier Communications Pare | New | 0.74% | +0.74 |
| EQIX Equinix Inc. | Add +28.3% | 2.96% | +0.72 |
| PNW Pinnacle West Capital | Add +19.0% | 2.65% | +0.52 |
| ODFL Old Dominion Freight Line | New | 0.29% | +0.29 |
| IDA Idacorp Inc. | Add +120.5% | 0.47% | +0.25 |
| TMUS T-Mobile US Inc. | Add +9.4% | 2.06% | +0.22 |
| VRT Vertiv Holdings Co. Class A | New | 0.16% | +0.16 |
| CCOI Cogent Communications Holdin | Add +23.9% | 1.43% | +0.09 |
| SBAC SBA Communications Corp. | Add +20.3% | 2.94% | +0.09 |
| SRE Sempra | Add +3.8% | 3.09% | +0.01 |
| SLB SLB Ltd. | Add +16.7% | 0.01% | +0.00 |
| DTEGY Deutsche Telekom AG-Spon ADR | Add +8.6% | 0.03% | +0.00 |
| TLN Talen Energy Corp. | Add +348.9% | 0.00% | −0.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 94 | $6.6B | TLN, ETR, VST, CEG, CNP |
| Q1 2026 | 90 | $6.0B | TLN, CEG, VST, CNP, XEL |
| Q4 2025 | 87 | $5.7B | TLN, CEG, VST, CNP, XEL |
| Q3 2025 | 82 | $5.6B | TLN, VST, CEG, CNP, XEL |
| Q2 2025 | 76 | $4.5B | TLN, VST, CEG, CNP, IDA |
| Q1 2025 | 78 | $3.9B | TLN, ETR, VST, NI, XEL |
| Q4 2024 | 72 | $3.8B | TLN, VST, CEG, ETR, NI |
| Q3 2024 | 76 | $3.7B | TLN, CEG, VST, ETR, CNP |
| Q2 2024 | 76 | $3.0B | CEG, TLN, VST, CNP, NI |
| Q1 2024 | 70 | $2.7B | CEG, PEG, NI, CNP, CMS |