Reaves W H & Co. Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Reaves W H & Co. Inc. reported 76 stock positions worth $4.5 billion. Its top holding was Talen Energy (TLN) at 8.1% of the portfolio, followed by Vistra (VST, 6.7%) and Constellation Energy (CEG, 5.9%). Compared with Q1 2025, it opened 2 new positions, sold out of 4, added to 25 and reduced 32. The biggest buy was Vistra (VST, shares +6%) and the biggest sale Atmos Energy (ATO, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- JERSEY CITY, NJ
- CIK
- 0000740913
- Portfolio Value
- $4.5B (Q2 2025)
- SEC Filing
- 0000740913-25-000010 ↗ filed Aug 11, 2025
Holdings Value
Holdings 76 stocks · $4.5B
| TLN Talen Energy Corp. | 8.08% | 1,252,490 | $364.2M | Add +3.3% |
| VST Vistra Corp. | 6.74% | 1,568,259 | $303.9M | Add +5.7% |
| CEG Constellation Energy | 5.89% | 823,328 | $265.7M | Add +13.7% |
| CNP Centerpoint Energy Inc. | 5.10% | 6,257,356 | $229.9M | Add +42.7% |
| IDA Idacorp Inc. | 4.01% | 1,566,844 | $180.9M | Add +25.6% |
| XEL Xcel Energy Inc. | 3.80% | 2,516,325 | $171.4M | Add +9.4% |
| ETR Entergy Corp. | 3.65% | 1,977,778 | $164.4M | Reduce -15.0% |
| NI Nisource Inc. | 3.33% | 3,721,899 | $150.1M | Reduce -10.4% |
| TXNM TXNM Energy Inc. | 3.21% | 2,571,680 | $144.8M | Reduce -14.9% |
| PEG Public Service Enterprise GP | 2.96% | 1,583,744 | $133.3M | Add +20.7% |
| PNW Pinnacle West Capital | 2.95% | 1,487,921 | $133.1M | Reduce -1.4% |
| CMS CMS Energy Corp. | 2.88% | 1,872,542 | $129.7M | Add +418.2% |
| PPL PPL Corp. | 2.87% | 3,820,760 | $129.5M | Reduce -7.7% |
| EQIX Equinix Inc. | 2.80% | 158,766 | $126.3M | Add +0.7% |
| SRE Sempra | 2.59% | 1,542,749 | $116.9M | Reduce -18.6% |
| CCJ Cameco Corp. | 2.56% | 1,556,452 | $115.5M | Reduce -2.9% |
| EPD Enterprise Products Partners | 2.47% | 3,593,940 | $111.4M | No change |
| PWR Quanta Services Inc. | 2.28% | 271,847 | $102.8M | Reduce -3.5% |
| SBAC SBA Communications Corp. | 2.25% | 432,648 | $101.6M | Add +6.3% |
| CHTR Charter Communications Inc. Class A | 1.79% | 197,021 | $80.5M | Add +41.6% |
| DTM DT Midstream Inc. | 1.70% | 698,447 | $76.8M | Reduce -7.6% |
| DTE DTE Energy Company | 1.65% | 560,748 | $74.3M | Reduce -6.5% |
| LNT Alliant Energy Corp. | 1.55% | 1,152,677 | $69.7M | Add +76.8% |
| UNP Union Pacific Corp. | 1.53% | 300,637 | $69.2M | Reduce -0.6% |
| CMCSA Comcast Corp. Class A | 1.47% | 1,858,600 | $66.3M | Reduce -6.7% |
| NEE Nextera Energy Inc. | 1.38% | 894,026 | $62.1M | Reduce -11.4% |
| NSC Norfolk Southern Corp. | 1.24% | 219,300 | $56.1M | No change |
| OGE Oge Energy Corp. | 1.22% | 1,242,285 | $55.1M | Add +1.9% |
| ATO Atmos Energy Corp. | 1.07% | 313,020 | $48.2M | Reduce -52.4% |
| OKE Oneok Inc. | 1.06% | 584,398 | $47.7M | Add +68.8% |
| WMB Williams Cos Inc. | 1.04% | 747,772 | $47.0M | Add +11.1% |
| VRT Vertiv Holdings Co. Class A | 1.00% | 349,795 | $44.9M | Add +11.1% |
| AEE Ameren Corporation | 0.97% | 453,820 | $43.6M | New |
| AMT American Tower Corp. | 0.95% | 193,037 | $42.7M | No change |
| CCOI Cogent Communications Holdin | 0.88% | 819,953 | $39.5M | Add +1.5% |
| LEU Centrus Energy Corp. Class A | 0.85% | 208,935 | $38.3M | Reduce -8.6% |
| TMUS T-Mobile US Inc. | 0.82% | 154,297 | $36.8M | Reduce -27.9% |
| MPLX MPLX LP | 0.77% | 670,500 | $34.5M | Add +509.6% |
| MP MP Materials Corp. | 0.71% | 965,000 | $32.1M | New |
| PCG P G & E Corp. | 0.67% | 2,179,421 | $30.4M | Reduce -32.7% |
| DY Dycom Industries Inc. | 0.66% | 121,665 | $29.7M | Reduce -13.8% |
| FYBR Frontier Communications Pare | 0.57% | 707,564 | $25.8M | Reduce -0.2% |
| MPC Marathon Petroleum Corp. | 0.55% | 150,000 | $24.9M | No change |
| AWK American Water Works Co. Inc. | 0.48% | 156,145 | $21.7M | Reduce -38.2% |
| NRG NRG Energy Inc. | 0.47% | 132,597 | $21.3M | Add +97.2% |
| EQT Eqt Corp. | 0.42% | 328,502 | $19.2M | Add +191.7% |
| DLR Digital Realty Trust Inc. | 0.29% | 74,740 | $13.0M | Add +84.1% |
| ODFL Old Dominion Freight Line | 0.27% | 74,205 | $12.0M | Add +82.0% |
| GEV GE Vernova Inc. | 0.23% | 20,000 | $10.6M | No change |
| LIN Linde PLC | 0.22% | 21,283 | $10.0M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 18,328 | $8.9M | No change |
| JCI Johnson Controls Internation | 0.12% | 50,532 | $5.3M | Add +1.1% |
| T AT&T Inc. | 0.12% | 180,855 | $5.2M | Reduce -38.4% |
| CPK Chesapeake Utilities Corp. | 0.08% | 30,000 | $3.6M | No change |
| UTG Reaves Utility Income Fund | 0.07% | 88,623 | $3.2M | Add +1.6% |
| CNI Canadian Natl Railway Co. | 0.07% | 29,208 | $3.0M | Reduce -1.7% |
| LAMR Lamar Advertising Co. Class A | 0.07% | 25,000 | $3.0M | No change |
| SO The Southern Co. | 0.06% | 30,048 | $2.8M | Reduce -12.7% |
| XOM Exxon Mobil Corp. | 0.04% | 17,910 | $1.9M | Reduce -94.8% |
| CVX Chevron Corp. | 0.04% | 11,115 | $1.6M | Reduce -0.5% |
| DTEGY Deutsche Telekom AG-Spon ADR | 0.03% | 37,859 | $1.4M | Reduce -1.7% |
| AAPL Apple Inc. | 0.02% | 4,800 | $985K | No change |
| DUK Duke Energy Corp. | 0.02% | 8,164 | $963K | Reduce -1.7% |
| PM Philip Morris International | 0.02% | 5,000 | $911K | No change |
| MDU Mdu Resources Group Inc. | 0.02% | 50,000 | $834K | No change |
| ECG Everus Construction Group | 0.02% | 12,500 | $794K | No change |
| PLD Prologis Inc. | 0.02% | 7,356 | $773K | No change |
| CP Canadian Pacific Kansas City | 0.02% | 9,344 | $741K | No change |
| EXC Exelon Corp. | 0.02% | 16,840 | $731K | Reduce -5.6% |
| NJR New Jersey Resources Corp. | 0.01% | 15,020 | $673K | Reduce -68.1% |
| PPG PPG Industries Inc. | 0.01% | 5,000 | $569K | No change |
| JNJ Johnson & Johnson | 0.01% | 3,280 | $501K | No change |
| MO Altria Group Inc. | 0.01% | 8,000 | $469K | No change |
| EIX Edison International | 0.01% | 6,590 | $340K | Reduce -99.2% |
| NWN Northwest Natural Holding Co. | 0.01% | 5,909 | $235K | Reduce -77.2% |
| VZ Verizon Communications Inc. | 0.00% | 4,665 | $202K | Reduce -98.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SCE TRUST IV (EIX V0 PERP J) | PFD | 63,125 | $1.4M | No change |
Total filed on the 13F, all lines: $4.5B.
Portfolio Sells Q1 2025 → Q2 2025
| ATO Atmos Energy Corp. | Reduce -52.4% | 1.07% | −1.52 |
| ETR Entergy Corp. | Reduce -15.0% | 3.65% | −1.42 |
| EIX Edison International | Reduce -99.2% | 0.01% | −1.16 |
| XOM Exxon Mobil Corp. | Reduce -94.8% | 0.04% | −1.01 |
| PPL PPL Corp. | Reduce -7.7% | 2.87% | −0.93 |
| NI Nisource Inc. | Reduce -10.4% | 3.33% | −0.91 |
| TXNM TXNM Energy Inc. | Reduce -14.9% | 3.21% | −0.90 |
| SRE Sempra | Reduce -18.6% | 2.59% | −0.85 |
| AEP American Electric Power | Sold out | 0.00% | −0.77 |
| PCG P G & E Corp. | Reduce -32.7% | 0.67% | −0.74 |
| PNW Pinnacle West Capital | Reduce -1.4% | 2.95% | −0.71 |
| TMUS T-Mobile US Inc. | Reduce -27.9% | 0.82% | −0.64 |
| AWK American Water Works Co. Inc. | Reduce -38.2% | 0.48% | −0.47 |
| DTE DTE Energy Company | Reduce -6.5% | 1.65% | −0.46 |
| NEE Nextera Energy Inc. | Reduce -11.4% | 1.38% | −0.44 |
| CMCSA Comcast Corp. Class A | Reduce -6.7% | 1.47% | −0.40 |
| VZ Verizon Communications Inc. | Reduce -98.4% | 0.00% | −0.32 |
| UNP Union Pacific Corp. | Reduce -0.6% | 1.53% | −0.28 |
| DTM DT Midstream Inc. | Reduce -7.6% | 1.70% | −0.15 |
| T AT&T Inc. | Reduce -38.4% | 0.12% | −0.10 |
| FYBR Frontier Communications Pare | Reduce -0.2% | 0.57% | −0.08 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.05 |
| NJR New Jersey Resources Corp. | Reduce -68.1% | 0.01% | −0.04 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.03 |
| NWN Northwest Natural Holding Co. | Reduce -77.2% | 0.01% | −0.02 |
| SO The Southern Co. | Reduce -12.7% | 0.06% | −0.02 |
| AD Array Digital Infrastructure | Sold out | 0.00% | −0.01 |
| CVX Chevron Corp. | Reduce -0.5% | 0.04% | −0.01 |
| CNI Canadian Natl Railway Co. | Reduce -1.7% | 0.07% | −0.01 |
| DTEGY Deutsche Telekom AG-Spon ADR | Reduce -1.7% | 0.03% | −0.01 |
| EXC Exelon Corp. | Reduce -5.6% | 0.02% | −0.00 |
| DUK Duke Energy Corp. | Reduce -1.7% | 0.02% | −0.00 |
| DY Dycom Industries Inc. | Reduce -13.8% | 0.66% | +0.11 |
| PWR Quanta Services Inc. | Reduce -3.5% | 2.28% | +0.46 |
| LEU Centrus Energy Corp. Class A | Reduce -8.6% | 0.85% | +0.49 |
| CCJ Cameco Corp. | Reduce -2.9% | 2.56% | +0.88 |
Portfolio Buys Q1 2025 → Q2 2025
| VST Vistra Corp. | Add +5.7% | 6.74% | +2.30 |
| CMS CMS Energy Corp. | Add +418.2% | 2.88% | +2.19 |
| CEG Constellation Energy | Add +13.7% | 5.89% | +2.18 |
| TLN Talen Energy Corp. | Add +3.3% | 8.08% | +1.91 |
| CNP Centerpoint Energy Inc. | Add +42.7% | 5.10% | +1.05 |
| AEE Ameren Corporation | New | 0.97% | +0.97 |
| MP MP Materials Corp. | New | 0.71% | +0.71 |
| MPLX MPLX LP | Add +509.6% | 0.77% | +0.62 |
| CHTR Charter Communications Inc. Class A | Add +41.6% | 1.79% | +0.48 |
| LNT Alliant Energy Corp. | Add +76.8% | 1.55% | +0.48 |
| VRT Vertiv Holdings Co. Class A | Add +11.1% | 1.00% | +0.42 |
| IDA Idacorp Inc. | Add +25.6% | 4.01% | +0.32 |
| NRG NRG Energy Inc. | Add +97.2% | 0.47% | +0.31 |
| EQT Eqt Corp. | Add +191.7% | 0.42% | +0.27 |
| PEG Public Service Enterprise GP | Add +20.7% | 2.96% | +0.21 |
| OKE Oneok Inc. | Add +68.8% | 1.06% | +0.18 |
| DLR Digital Realty Trust Inc. | Add +84.1% | 0.29% | +0.14 |
| ODFL Old Dominion Freight Line | Add +82.0% | 0.27% | +0.10 |
| WMB Williams Cos Inc. | Add +11.1% | 1.04% | +0.02 |
| JCI Johnson Controls Internation | Add +1.1% | 0.12% | +0.02 |
| UTG Reaves Utility Income Fund | Add +1.6% | 0.07% | −0.00 |
| SBAC SBA Communications Corp. | Add +6.3% | 2.25% | −0.03 |
| LIN Linde PLC | Add +1.0% | 0.22% | −0.03 |
| OGE Oge Energy Corp. | Add +1.9% | 1.22% | −0.20 |
| XEL Xcel Energy Inc. | Add +9.4% | 3.80% | −0.35 |
| CCOI Cogent Communications Holdin | Add +1.5% | 0.88% | −0.38 |
| EQIX Equinix Inc. | Add +0.7% | 2.80% | −0.47 |
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 |