Reaves W H & Co. Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), Reaves W H & Co. Inc. reported 72 stock positions worth $3.8 billion. Its top holding was Talen Energy (TLN) at 6.8% of the portfolio, followed by Vistra (VST, 6.0%) and Constellation Energy (CEG, 4.9%). Compared with Q3 2024, it opened 5 new positions, sold out of 10, added to 25 and reduced 31. The biggest buy was PPL (PPL, shares +182%) and the biggest sale Centerpoint Energy (CNP, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- JERSEY CITY, NJ
- CIK
- 0000740913
- Portfolio Value
- $3.8B (Q4 2024)
- SEC Filing
- 0000740913-25-000003 ↗ filed Feb 6, 2025
Holdings Value
Holdings 72 stocks · $3.8B
| TLN Talen Energy Corp. | 6.75% | 1,270,773 | $256.0M | Reduce -3.2% |
| VST Vistra Corp. | 5.96% | 1,640,542 | $226.2M | Add +5.5% |
| CEG Constellation Energy | 4.94% | 837,737 | $187.4M | Add +1.2% |
| ETR Entergy Corp. | 4.02% | 2,012,308 | $152.6M | Reduce -12.7% |
| NI Nisource Inc. | 3.90% | 4,026,404 | $148.0M | Add +6.8% |
| TXNM TXNM Energy Inc. | 3.77% | 2,908,905 | $143.0M | Add +53.9% |
| PPL PPL Corp. | 3.38% | 3,951,116 | $128.3M | Add +182.2% |
| NEE Nextera Energy Inc. | 3.15% | 1,665,627 | $119.4M | Add +10.5% |
| PNW Pinnacle West Capital | 3.11% | 1,390,715 | $117.9M | Add +35.2% |
| SRE Sempra | 3.05% | 1,317,858 | $115.6M | Reduce -17.0% |
| EPD Enterprise Products Partners | 2.97% | 3,593,940 | $112.7M | No change |
| EQIX Equinix Inc. | 2.88% | 115,857 | $109.2M | Add +2.3% |
| IDA Idacorp Inc. | 2.88% | 998,383 | $109.1M | Add +75.4% |
| DTE DTE Energy Company | 2.81% | 881,447 | $106.4M | Reduce -2.4% |
| XEL Xcel Energy Inc. | 2.59% | 1,455,927 | $98.3M | Add +440.2% |
| DTM DT Midstream Inc. | 2.57% | 981,879 | $97.6M | Add +8.2% |
| SBAC SBA Communications Corp. | 2.33% | 432,617 | $88.2M | Add +11.1% |
| CNP Centerpoint Energy Inc. | 2.32% | 2,769,451 | $87.9M | Reduce -41.7% |
| ATO Atmos Energy Corp. | 2.27% | 617,674 | $86.0M | Add +11.7% |
| CMS CMS Energy Corp. | 2.25% | 1,278,281 | $85.2M | Reduce -3.9% |
| CMCSA Comcast Corp. Class A | 2.16% | 2,184,079 | $82.0M | Add +39.5% |
| PWR Quanta Services Inc. | 2.14% | 256,478 | $81.1M | Reduce -0.4% |
| CCJ Cameco Corp. | 1.95% | 1,438,968 | $73.9M | Reduce -0.3% |
| PCG P G & E Corp. | 1.88% | 3,534,036 | $71.3M | Reduce -25.1% |
| PEG Public Service Enterprise GP | 1.85% | 828,610 | $70.0M | Add +8.1% |
| UNP Union Pacific Corp. | 1.82% | 303,261 | $69.2M | Reduce -0.5% |
| TMUS T-Mobile US Inc. | 1.81% | 311,803 | $68.8M | Reduce -1.3% |
| EIX Edison International | 1.63% | 774,721 | $61.9M | Reduce -35.9% |
| WMB Williams Cos Inc. | 1.63% | 1,140,093 | $61.7M | Add +0.4% |
| CCOI Cogent Communications Holdin | 1.42% | 698,518 | $53.8M | Add +17.1% |
| NSC Norfolk Southern Corp. | 1.36% | 219,300 | $51.5M | Add +23.5% |
| OGE Oge Energy Corp. | 1.33% | 1,225,374 | $50.5M | Reduce -3.0% |
| LNT Alliant Energy Corp. | 1.23% | 786,898 | $46.5M | Reduce -48.1% |
| CHTR Charter Communications Inc. Class A | 1.10% | 122,153 | $41.9M | Add +61.3% |
| VRT Vertiv Holdings Co. Class A | 0.94% | 314,795 | $35.8M | Reduce -20.3% |
| AMT American Tower Corp. | 0.94% | 193,337 | $35.5M | Reduce -18.9% |
| XOM Exxon Mobil Corp. | 0.93% | 326,075 | $35.1M | Add +2447.5% |
| AWK American Water Works Co. Inc. | 0.83% | 252,764 | $31.5M | Reduce -30.3% |
| OKE Oneok Inc. | 0.78% | 294,624 | $29.6M | Add +1064.2% |
| FYBR Frontier Communications Pare | 0.65% | 708,528 | $24.6M | Reduce -9.6% |
| DY Dycom Industries Inc. | 0.54% | 117,429 | $20.4M | Add +232.1% |
| MPC Marathon Petroleum Corp. | 0.50% | 135,000 | $18.8M | New |
| VZ Verizon Communications Inc. | 0.49% | 464,366 | $18.6M | Reduce -50.7% |
| LEU Centrus Energy Corp. Class A | 0.40% | 228,413 | $15.2M | New |
| LIN Linde PLC | 0.24% | 21,596 | $9.0M | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 18,328 | $8.3M | Reduce -0.3% |
| CP Canadian Pacific Kansas City | 0.16% | 86,166 | $6.2M | Reduce -65.9% |
| ODFL Old Dominion Freight Line | 0.16% | 34,389 | $6.1M | Reduce -13.1% |
| DLR Digital Realty Trust Inc. | 0.14% | 30,440 | $5.4M | Reduce -0.1% |
| CPK Chesapeake Utilities Corp. | 0.10% | 30,000 | $3.6M | No change |
| SO The Southern Co. | 0.09% | 41,745 | $3.4M | Reduce -0.1% |
| JCI Johnson Controls Internation | 0.09% | 42,749 | $3.4M | New |
| CNI Canadian Natl Railway Co. | 0.08% | 29,723 | $3.0M | Reduce -90.5% |
| UTG Reaves Utility Income Fund | 0.07% | 85,731 | $2.7M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 0.06% | 11,910 | $2.3M | Reduce -6.3% |
| CVX Chevron Corp. | 0.04% | 10,630 | $1.5M | Add +38.0% |
| GOOG Alphabet Inc. Class C | 0.03% | 6,630 | $1.3M | No change |
| AAPL Apple Inc. | 0.03% | 4,800 | $1.2M | No change |
| MPLX MPLX LP | 0.03% | 25,000 | $1.2M | New |
| DTEGY Deutsche Telekom AG-Spon ADR | 0.03% | 33,464 | $1.0M | Add +30.0% |
| NWN Northwest Natural Holding Co. | 0.03% | 25,164 | $995K | Reduce -13.3% |
| MDU Mdu Resources Group Inc. | 0.02% | 50,000 | $901K | No change |
| ECG Everus Construction Group | 0.02% | 12,500 | $822K | No change |
| PLD Prologis Inc. | 0.02% | 7,756 | $820K | Reduce -4.0% |
| DUK Duke Energy Corp. | 0.02% | 7,215 | $777K | Reduce -87.0% |
| EXC Exelon Corp. | 0.02% | 17,840 | $671K | Reduce -11.8% |
| PM Philip Morris International | 0.02% | 5,000 | $602K | No change |
| PPG PPG Industries Inc. | 0.02% | 5,000 | $597K | No change |
| NJR New Jersey Resources Corp. | 0.02% | 12,505 | $583K | New |
| JNJ Johnson & Johnson | 0.01% | 3,280 | $474K | No change |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 0.01% | 7,500 | $470K | No change |
| MO Altria Group Inc. | 0.01% | 8,000 | $418K | No change |
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: $3.8B.
Portfolio Sells Q3 2024 → Q4 2024
| CNP Centerpoint Energy Inc. | Reduce -41.7% | 2.32% | −1.51 |
| LNT Alliant Energy Corp. | Reduce -48.1% | 1.23% | −1.29 |
| EIX Edison International | Reduce -35.9% | 1.63% | −1.25 |
| BCE Bce Inc. | Sold out | 0.00% | −1.16 |
| CNI Canadian Natl Railway Co. | Reduce -90.5% | 0.08% | −0.92 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.68 |
| PCG P G & E Corp. | Reduce -25.1% | 1.88% | −0.67 |
| VZ Verizon Communications Inc. | Reduce -50.7% | 0.49% | −0.67 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.67 |
| AWK American Water Works Co. Inc. | Reduce -30.3% | 0.83% | −0.62 |
| SRE Sempra | Reduce -17.0% | 3.05% | −0.58 |
| AMT American Tower Corp. | Reduce -18.9% | 0.94% | −0.58 |
| CP Canadian Pacific Kansas City | Reduce -65.9% | 0.16% | −0.43 |
| DTE DTE Energy Company | Reduce -2.4% | 2.81% | −0.37 |
| CMS CMS Energy Corp. | Reduce -3.9% | 2.25% | −0.32 |
| UNP Union Pacific Corp. | Reduce -0.5% | 1.82% | −0.23 |
| FE Firstenergy Corp. | Sold out | 0.00% | −0.23 |
| DUK Duke Energy Corp. | Reduce -87.0% | 0.02% | −0.15 |
| VRT Vertiv Holdings Co. Class A | Reduce -20.3% | 0.94% | −0.13 |
| ETR Entergy Corp. | Reduce -12.7% | 4.02% | −0.13 |
| FYBR Frontier Communications Pare | Reduce -9.6% | 0.65% | −0.11 |
| OGE Oge Energy Corp. | Reduce -3.0% | 1.33% | −0.08 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.07 |
| TU Telus Corp. | Sold out | 0.00% | −0.06 |
| ODFL Old Dominion Freight Line | Reduce -13.1% | 0.16% | −0.06 |
| LIN Linde PLC | Reduce -1.6% | 0.24% | −0.05 |
| FTS Fortis Inc. | Sold out | 0.00% | −0.04 |
| RCI Rogers Communications Inc. Class B | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 0.22% | −0.01 |
| SO The Southern Co. | Reduce -0.1% | 0.09% | −0.01 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.01 |
| PLD Prologis Inc. | Reduce -4.0% | 0.02% | −0.01 |
| NWN Northwest Natural Holding Co. | Reduce -13.3% | 0.03% | −0.01 |
| AEP American Electric Power | Sold out | 0.00% | −0.01 |
| EXC Exelon Corp. | Reduce -11.8% | 0.02% | −0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 0.06% | +0.00 |
| DLR Digital Realty Trust Inc. | Reduce -0.1% | 0.14% | +0.01 |
| TMUS T-Mobile US Inc. | Reduce -1.3% | 1.81% | +0.03 |
| PWR Quanta Services Inc. | Reduce -0.4% | 2.14% | +0.04 |
| CCJ Cameco Corp. | Reduce -0.3% | 1.95% | +0.06 |
| TLN Talen Energy Corp. | Reduce -3.2% | 6.75% | +0.35 |
Portfolio Buys Q3 2024 → Q4 2024
| PPL PPL Corp. | Add +182.2% | 3.38% | +2.11 |
| XEL Xcel Energy Inc. | Add +440.2% | 2.59% | +2.11 |
| TXNM TXNM Energy Inc. | Add +53.9% | 3.77% | +1.51 |
| IDA Idacorp Inc. | Add +75.4% | 2.88% | +1.27 |
| VST Vistra Corp. | Add +5.5% | 5.96% | +0.92 |
| XOM Exxon Mobil Corp. | Add +2447.5% | 0.93% | +0.88 |
| OKE Oneok Inc. | Add +1064.2% | 0.78% | +0.72 |
| DTM DT Midstream Inc. | Add +8.2% | 2.57% | +0.62 |
| PNW Pinnacle West Capital | Add +35.2% | 3.11% | +0.61 |
| MPC Marathon Petroleum Corp. | New | 0.50% | +0.50 |
| CHTR Charter Communications Inc. Class A | Add +61.3% | 1.10% | +0.43 |
| LEU Centrus Energy Corp. Class A | New | 0.40% | +0.40 |
| CMCSA Comcast Corp. Class A | Add +39.5% | 2.16% | +0.37 |
| DY Dycom Industries Inc. | Add +232.1% | 0.54% | +0.35 |
| NI Nisource Inc. | Add +6.8% | 3.90% | +0.33 |
| WMB Williams Cos Inc. | Add +0.4% | 1.63% | +0.21 |
| CCOI Cogent Communications Holdin | Add +17.1% | 1.42% | +0.18 |
| ATO Atmos Energy Corp. | Add +11.7% | 2.27% | +0.17 |
| NSC Norfolk Southern Corp. | Add +23.5% | 1.36% | +0.15 |
| EQIX Equinix Inc. | Add +2.3% | 2.88% | +0.13 |
| JCI Johnson Controls Internation | New | 0.09% | +0.09 |
| MPLX MPLX LP | New | 0.03% | +0.03 |
| NJR New Jersey Resources Corp. | New | 0.02% | +0.02 |
| CVX Chevron Corp. | Add +38.0% | 0.04% | +0.01 |
| DTEGY Deutsche Telekom AG-Spon ADR | Add +30.0% | 0.03% | +0.01 |
| UTG Reaves Utility Income Fund | Add +1.6% | 0.07% | −0.00 |
| PEG Public Service Enterprise GP | Add +8.1% | 1.85% | −0.02 |
| SBAC SBA Communications Corp. | Add +11.1% | 2.33% | −0.24 |
| NEE Nextera Energy Inc. | Add +10.5% | 3.15% | −0.34 |
| CEG Constellation Energy | Add +1.2% | 4.94% | −0.95 |
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 |