Reaves W H & Co. Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), Reaves W H & Co. Inc. reported 76 stock positions worth $3.7 billion. Its top holding was Talen Energy (TLN) at 6.4% of the portfolio, followed by Constellation Energy (CEG, 5.9%) and Vistra (VST, 5.0%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 25 and reduced 32. The biggest buy was Talen Energy (TLN, shares +5%) and the biggest sale Southern (SO, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- JERSEY CITY, NJ
- CIK
- 0000740913
- Portfolio Value
- $3.7B (Q3 2024)
- SEC Filing
- 0000740913-24-000012 ↗ filed Nov 5, 2024
Holdings Value
Holdings 76 stocks · $3.7B
| TLN Talen Energy Corp. | 6.41% | 1,313,066 | $234.0M | Add +5.5% |
| CEG Constellation Energy | 5.89% | 827,729 | $215.2M | Add +4.3% |
| VST Vistra Corp. | 5.04% | 1,554,638 | $184.3M | Add +4.9% |
| ETR Entergy Corp. | 4.15% | 1,152,691 | $151.7M | Add +53.5% |
| CNP Centerpoint Energy Inc. | 3.82% | 4,748,391 | $139.7M | Add +29.3% |
| SRE Sempra | 3.63% | 1,587,272 | $132.7M | Add +33.8% |
| NI Nisource Inc. | 3.57% | 3,768,482 | $130.6M | Add +10.7% |
| NEE Nextera Energy Inc. | 3.49% | 1,506,844 | $127.4M | Add +28.0% |
| DTE DTE Energy Company | 3.17% | 903,145 | $116.0M | Add +46.7% |
| EIX Edison International | 2.88% | 1,209,102 | $105.3M | Add +88.0% |
| EPD Enterprise Products Partners | 2.86% | 3,593,940 | $104.6M | Add +57.4% |
| EQIX Equinix Inc. | 2.75% | 113,311 | $100.6M | Add +6.9% |
| CMS CMS Energy Corp. | 2.57% | 1,329,398 | $93.9M | Reduce -1.0% |
| SBAC SBA Communications Corp. | 2.56% | 389,246 | $93.7M | Add +11.8% |
| PCG P G & E Corp. | 2.55% | 4,715,933 | $93.2M | Add +21.2% |
| LNT Alliant Energy Corp. | 2.52% | 1,514,997 | $91.9M | Reduce -3.2% |
| PNW Pinnacle West Capital | 2.49% | 1,028,632 | $91.1M | Add +3.9% |
| TXNM TXNM Energy Inc. | 2.26% | 1,890,246 | $82.7M | Add +6.7% |
| PWR Quanta Services Inc. | 2.10% | 257,611 | $76.8M | Add +3.2% |
| ATO Atmos Energy Corp. | 2.10% | 553,072 | $76.7M | Add +1.1% |
| UNP Union Pacific Corp. | 2.06% | 304,710 | $75.1M | Reduce -17.6% |
| DTM DT Midstream Inc. | 1.95% | 907,550 | $71.4M | Reduce -7.2% |
| CCJ Cameco Corp. | 1.89% | 1,442,863 | $68.9M | Add +34.4% |
| PEG Public Service Enterprise GP | 1.87% | 766,336 | $68.4M | Add +5.0% |
| CMCSA Comcast Corp. Class A | 1.79% | 1,566,147 | $65.4M | Add +15.8% |
| TMUS T-Mobile US Inc. | 1.78% | 315,889 | $65.2M | Reduce -14.2% |
| IDA Idacorp Inc. | 1.61% | 569,107 | $58.7M | Add +24.9% |
| AMT American Tower Corp. | 1.52% | 238,512 | $55.5M | Reduce -11.2% |
| AWK American Water Works Co. Inc. | 1.45% | 362,764 | $53.1M | Reduce -5.2% |
| WMB Williams Cos Inc. | 1.42% | 1,135,447 | $51.8M | Reduce -12.7% |
| OGE Oge Energy Corp. | 1.42% | 1,262,867 | $51.8M | Reduce -7.9% |
| PPL PPL Corp. | 1.27% | 1,400,046 | $46.3M | Reduce -42.5% |
| CCOI Cogent Communications Holdin | 1.24% | 596,562 | $45.3M | Reduce -5.3% |
| NSC Norfolk Southern Corp. | 1.21% | 177,600 | $44.1M | Add +337.4% |
| VZ Verizon Communications Inc. | 1.16% | 942,767 | $42.3M | No change |
| BCE Bce Inc. | 1.16% | 1,214,195 | $42.3M | No change |
| VRT Vertiv Holdings Co. Class A | 1.08% | 394,903 | $39.3M | Add +3.1% |
| CNI Canadian Natl Railway Co. | 1.00% | 311,309 | $36.5M | Reduce -28.7% |
| FYBR Frontier Communications Pare | 0.76% | 783,372 | $27.8M | Reduce -12.0% |
| CCI Crown Castle Inc. | 0.68% | 210,404 | $25.0M | Reduce -0.0% |
| CHTR Charter Communications Inc. Class A | 0.67% | 75,743 | $24.5M | No change |
| AEE Ameren Corporation | 0.67% | 278,000 | $24.3M | Reduce -9.7% |
| CP Canadian Pacific Kansas City | 0.59% | 252,909 | $21.6M | Reduce -23.4% |
| XEL Xcel Energy Inc. | 0.48% | 269,500 | $17.6M | Reduce -38.2% |
| LIN Linde PLC | 0.29% | 21,951 | $10.5M | Reduce -20.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 18,387 | $8.5M | Reduce -12.1% |
| FE Firstenergy Corp. | 0.23% | 190,000 | $8.4M | No change |
| ODFL Old Dominion Freight Line | 0.22% | 39,580 | $7.9M | Reduce -19.1% |
| DY Dycom Industries Inc. | 0.19% | 35,358 | $7.0M | Add +910.2% |
| DUK Duke Energy Corp. | 0.18% | 55,550 | $6.4M | Reduce -87.3% |
| DLR Digital Realty Trust Inc. | 0.14% | 30,476 | $4.9M | No change |
| SO The Southern Co. | 0.10% | 41,771 | $3.8M | Reduce -93.0% |
| CPK Chesapeake Utilities Corp. | 0.10% | 30,000 | $3.7M | New |
| UTG Reaves Utility Income Fund | 0.08% | 84,402 | $2.8M | Reduce -0.9% |
| WEC WEC Energy Group Inc. | 0.07% | 28,300 | $2.7M | No change |
| OKE Oneok Inc. | 0.06% | 25,307 | $2.3M | Reduce -8.3% |
| TU Telus Corp. | 0.06% | 126,719 | $2.1M | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 0.06% | 12,708 | $2.1M | Reduce -41.6% |
| FTS Fortis Inc. | 0.04% | 33,970 | $1.5M | No change |
| XOM Exxon Mobil Corp. | 0.04% | 12,800 | $1.5M | No change |
| RCI Rogers Communications Inc. Class B | 0.04% | 35,923 | $1.4M | Reduce -54.4% |
| MDU Mdu Resources Group Inc. | 0.04% | 50,000 | $1.4M | New |
| NWN Northwest Natural Holding Co. | 0.03% | 29,026 | $1.2M | Reduce -50.8% |
| CVX Chevron Corp. | 0.03% | 7,700 | $1.1M | No change |
| AAPL Apple Inc. | 0.03% | 4,800 | $1.1M | No change |
| GOOG Alphabet Inc. Class C | 0.03% | 6,630 | $1.1M | Reduce -7.1% |
| PLD Prologis Inc. | 0.03% | 8,083 | $1.0M | Reduce -12.7% |
| EXC Exelon Corp. | 0.02% | 20,235 | $821K | Reduce -95.9% |
| DTEGY Deutsche Telekom AG-Spon ADR | 0.02% | 25,747 | $758K | No change |
| PPG PPG Industries Inc. | 0.02% | 5,000 | $662K | No change |
| PM Philip Morris International | 0.02% | 5,000 | $607K | No change |
| JNJ Johnson & Johnson | 0.01% | 3,280 | $532K | Reduce -0.3% |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 0.01% | 7,500 | $410K | No change |
| MO Altria Group Inc. | 0.01% | 8,000 | $408K | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.01% | 7,000 | $294K | No change |
| AEP American Electric Power | 0.01% | 2,095 | $215K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SCE TRUST IV (EIX V0 PERP J) | PFD | 63,125 | $1.5M | No change |
Total filed on the 13F, all lines: $3.7B.
Portfolio Sells Q2 2024 → Q3 2024
| SO The Southern Co. | Reduce -93.0% | 0.10% | −1.46 |
| DUK Duke Energy Corp. | Reduce -87.3% | 0.18% | −1.30 |
| PPL PPL Corp. | Reduce -42.5% | 1.27% | −1.01 |
| TRP TC Energy Corp. | Sold out | 0.00% | −0.94 |
| UNP Union Pacific Corp. | Reduce -17.6% | 2.06% | −0.77 |
| CNI Canadian Natl Railway Co. | Reduce -28.7% | 1.00% | −0.74 |
| EXC Exelon Corp. | Reduce -95.9% | 0.02% | −0.55 |
| WMB Williams Cos Inc. | Reduce -12.7% | 1.42% | −0.45 |
| TMUS T-Mobile US Inc. | Reduce -14.2% | 1.78% | −0.41 |
| DTM DT Midstream Inc. | Reduce -7.2% | 1.95% | −0.39 |
| XEL Xcel Energy Inc. | Reduce -38.2% | 0.48% | −0.31 |
| CP Canadian Pacific Kansas City | Reduce -23.4% | 0.59% | −0.29 |
| AMT American Tower Corp. | Reduce -11.2% | 1.52% | −0.25 |
| OGE Oge Energy Corp. | Reduce -7.9% | 1.42% | −0.24 |
| AWK American Water Works Co. Inc. | Reduce -5.2% | 1.45% | −0.22 |
| LNT Alliant Energy Corp. | Reduce -3.2% | 2.52% | −0.18 |
| CMS CMS Energy Corp. | Reduce -1.0% | 2.57% | −0.13 |
| LIN Linde PLC | Reduce -20.3% | 0.29% | −0.12 |
| ODFL Old Dominion Freight Line | Reduce -19.1% | 0.22% | −0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -41.6% | 0.06% | −0.08 |
| AEE Ameren Corporation | Reduce -9.7% | 0.67% | −0.07 |
| RCI Rogers Communications Inc. Class B | Reduce -54.4% | 0.04% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -12.1% | 0.23% | −0.06 |
| NWN Northwest Natural Holding Co. | Reduce -50.8% | 0.03% | −0.04 |
| FYBR Frontier Communications Pare | Reduce -12.0% | 0.76% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -7.1% | 0.03% | −0.01 |
| OKE Oneok Inc. | Reduce -8.3% | 0.06% | −0.01 |
| CCI Crown Castle Inc. | Reduce -0.0% | 0.68% | −0.01 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.01 |
| CTRI Centuri Holdings Inc. | Sold out | 0.00% | −0.01 |
| TU Telus Corp. | Reduce -2.2% | 0.06% | −0.01 |
| PLD Prologis Inc. | Reduce -12.7% | 0.03% | −0.01 |
| UTG Reaves Utility Income Fund | Reduce -0.9% | 0.08% | −0.00 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.01% | −0.00 |
| CCOI Cogent Communications Holdin | Reduce -5.3% | 1.24% | +0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| TLN Talen Energy Corp. | Add +5.5% | 6.41% | +1.73 |
| ETR Entergy Corp. | Add +53.5% | 4.15% | +1.44 |
| EIX Edison International | Add +88.0% | 2.88% | +1.32 |
| NSC Norfolk Southern Corp. | Add +337.4% | 1.21% | +0.91 |
| DTE DTE Energy Company | Add +46.7% | 3.17% | +0.86 |
| VST Vistra Corp. | Add +4.9% | 5.04% | +0.74 |
| NEE Nextera Energy Inc. | Add +28.0% | 3.49% | +0.67 |
| EPD Enterprise Products Partners | Add +57.4% | 2.86% | +0.63 |
| SRE Sempra | Add +33.8% | 3.63% | +0.58 |
| CEG Constellation Energy | Add +4.3% | 5.89% | +0.52 |
| NI Nisource Inc. | Add +10.7% | 3.57% | +0.26 |
| PCG P G & E Corp. | Add +21.2% | 2.55% | +0.26 |
| SBAC SBA Communications Corp. | Add +11.8% | 2.56% | +0.26 |
| IDA Idacorp Inc. | Add +24.9% | 1.61% | +0.17 |
| DY Dycom Industries Inc. | Add +910.2% | 0.19% | +0.17 |
| CPK Chesapeake Utilities Corp. | New | 0.10% | +0.10 |
| CCJ Cameco Corp. | Add +34.4% | 1.89% | +0.10 |
| PEG Public Service Enterprise GP | Add +5.0% | 1.87% | +0.05 |
| TXNM TXNM Energy Inc. | Add +6.7% | 2.26% | +0.05 |
| EQIX Equinix Inc. | Add +6.9% | 2.75% | +0.04 |
| MDU Mdu Resources Group Inc. | New | 0.04% | +0.04 |
| AEP American Electric Power | New | 0.01% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +15.8% | 1.79% | 0.00 |
| CNP Centerpoint Energy Inc. | Add +29.3% | 3.82% | −0.02 |
| PWR Quanta Services Inc. | Add +3.2% | 2.10% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Add +3.1% | 1.08% | −0.05 |
| ATO Atmos Energy Corp. | Add +1.1% | 2.10% | −0.06 |
| PNW Pinnacle West Capital | Add +3.9% | 2.49% | −0.06 |
Notes & Other Activity Q2 2024 → Q3 2024
| SCE TRUST III (EIX V5.75 PERP H) | FXD/FLT RT PFD | Sold out | 15,473 | $390Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |