13F HOLDINGS REPORT
REAVES W H & CO INC
Quarter ended Q4 2025 · Filed February 10, 2026 · Accession 0000740913-26-000003
Total Value
$5.72B
Positions
105
Other Managers
1
Confidential Omitted
No
Holdings (105)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TALEN ENERGY CORP | TLN | 1,056,236 | $395.9M | 6.93% |
| 2 | CONSTELLATION ENERGY CORP | CEG | 635,642 | $224.6M | 3.93% |
| 3 | CENTERPOINT ENERGY INC | CNP | 5,310,992 | $203.6M | 3.56% |
| 4 | VISTRA CORP. | VST | 1,188,832 | $191.8M | 3.35% |
| 5 | CONSTELLATION ENERGY CORP | CEG | 498,303 | $176.0M | 3.08% |
| 6 | TALEN ENERGY CORP | TLN | 465,461 | $174.5M | 3.05% |
| 7 | IDACORP INC COM | IDA | 1,355,935 | $171.6M | 3.00% |
| 8 | XCEL ENERGY INC COM | XELLL | 2,235,508 | $165.1M | 2.89% |
| 9 | VISTRA CORP. | VST | 1,008,460 | $162.7M | 2.85% |
| 10 | ENTERGY CORP NEW COM | ENO | 1,666,530 | $154.0M | 2.69% |
| 11 | NISOURCE INC COM | NI | 3,675,631 | $153.5M | 2.68% |
| 12 | TXNM ENERGY INC | TXNM | 2,477,663 | $145.9M | 2.55% |
| 13 | CAMECO CORP COM | CCJ | 1,453,978 | $133.0M | 2.33% |
| 14 | MP MATLS CORP | MP | 2,609,526 | $131.8M | 2.31% |
| 15 | EQUINIX INC COM NEW | EQIX | 168,968 | $129.5M | 2.26% |
| 16 | ALLIANT ENERGY CORP COM | LNT | 1,983,230 | $128.9M | 2.26% |
| 17 | SEMPRA | SREA | 1,333,064 | $117.7M | 2.06% |
| 18 | QUANTA SVCS INC COM | 74762E102 | 270,609 | $114.2M | 2.00% |
| 19 | ENTERPRISE PRODUCTS PARTNERS L | 293792107 | 3,493,940 | $112.0M | 1.96% |
| 20 | CMS ENERGY CORP COM | CMS-PC | 1,472,669 | $103.0M | 1.80% |
| 21 | PPL CORP COM | PPLC | 2,842,216 | $99.5M | 1.74% |
| 22 | XCEL ENERGY INC COM | XELLL | 1,344,410 | $99.3M | 1.74% |
| 23 | PINNACLE WEST CAP CORP COM | PNW | 1,087,143 | $96.4M | 1.69% |
| 24 | DT MIDSTREAM INC | DTM | 762,753 | $91.3M | 1.60% |
| 25 | CENTERPOINT ENERGY INC | CNP | 2,355,526 | $90.3M | 1.58% |
| 26 | WILLIAMS COS INC COM | 969457100 | 1,294,417 | $77.8M | 1.36% |
| 27 | NISOURCE INC COM | NI | 1,749,102 | $73.0M | 1.28% |
| 28 | ENTERGY CORP NEW COM | ENO | 780,063 | $72.1M | 1.26% |
| 29 | SEMPRA | SREA | 807,331 | $71.3M | 1.25% |
| 30 | SBA COMMUNICATIONS COR CL A | SBAC | 362,464 | $70.1M | 1.23% |
| 31 | ALLIANT ENERGY CORP COM | LNT | 1,074,023 | $69.8M | 1.22% |
| 32 | NRG ENERGY INC COM | NRG | 438,385 | $69.8M | 1.22% |
| 33 | NEXTERA ENERGY INC COM | NEE-PW | 856,945 | $68.8M | 1.20% |
| 34 | OGE ENERGY CORP COM | OGE | 1,603,390 | $68.5M | 1.20% |
| 35 | CORNING INC COM | GLW | 759,075 | $66.5M | 1.16% |
| 36 | EQT CORP COM | EQT | 1,161,975 | $62.3M | 1.09% |
| 37 | AMEREN CORP COM | AEE | 576,796 | $57.6M | 1.01% |
| 38 | IDACORP INC COM | IDA | 451,876 | $57.2M | 1.00% |
| 39 | PINNACLE WEST CAP CORP COM | PNW | 632,631 | $56.1M | 0.98% |
| 40 | PPL CORP COM | PPLC | 1,582,598 | $55.4M | 0.97% |
| 41 | DTE ENERGY CO COM | DTK | 417,526 | $53.9M | 0.94% |
| 42 | AMEREN CORP COM | AEE | 507,868 | $50.7M | 0.89% |
| 43 | DYCOM INDS INC COM | 267475101 | 143,212 | $48.4M | 0.85% |
| 44 | GE VERNOVA INC | GEV | 73,403 | $48.0M | 0.84% |
| 45 | PUBLIC SVC ENTERPRISE GROUP IN | 744573106 | 562,991 | $45.2M | 0.79% |
| 46 | CMS ENERGY CORP COM | CMS-PC | 614,614 | $43.0M | 0.75% |
| 47 | CENTRUS ENERGY CORP CL A | LEU | 174,500 | $42.4M | 0.74% |
| 48 | NEXTERA ENERGY INC COM | NEE-PW | 472,683 | $37.9M | 0.66% |
| 49 | NORFOLK SOUTHERN CORP COM | 655844108 | 131,000 | $37.8M | 0.66% |
| 50 | MPLX LP COM UNIT REP LTD | MPLXP | 670,500 | $35.8M | 0.63% |
| 51 | ONEOK INC NEW COM | OKE | 461,740 | $33.9M | 0.59% |
| 52 | WEC ENERGY GROUP INC COM | WEC | 292,957 | $30.9M | 0.54% |
| 53 | T-MOBILE US INC COM | TMUSZ | 150,637 | $30.6M | 0.53% |
| 54 | CROWN CASTLE INC | CCI | 326,798 | $29.0M | 0.51% |
| 55 | X-ENERGY REACTOR CO. LLC SERIE | XE | 1,891,802 | $27.5M | 0.48% |
| 56 | MARATHON PETROLEUM CORP | MARA | 167,000 | $27.2M | 0.48% |
| 57 | RICE ACQUISITION CORPORATION 3 | KRSP-WT | 2,400,000 | $25.2M | 0.44% |
| 58 | NATIONAL FUEL GAS - Restricted | NFG | 314,465 | $25.0M | 0.44% |
| 59 | FRONTIER COMMUNICATIONS PARENT | 35909D109 | 587,933 | $22.4M | 0.39% |
| 60 | TIC SOLUTIONS INC | TICAW | 2,149,991 | $21.7M | 0.38% |
| 61 | NRG ENERGY INC COM | NRG | 133,243 | $21.2M | 0.37% |
| 62 | COMCAST CORP CLASS A | CCZ | 690,100 | $20.6M | 0.36% |
| 63 | UNION PAC CORP COM | UNP | 80,163 | $18.5M | 0.32% |
| 64 | AMERICAN TOWER REIT COM | 03027X100 | 98,037 | $17.2M | 0.30% |
| 65 | DIGITAL REALTY TR | 253868103 | 94,303 | $14.6M | 0.26% |
| 66 | OGE ENERGY CORP COM | OGE | 340,811 | $14.6M | 0.25% |
| 67 | VERTIV HOLDINGS CO | VRT | 82,880 | $13.4M | 0.23% |
| 68 | UNITIL CORP | UTL | 275,000 | $13.3M | 0.23% |
| 69 | WATERBRIDGE INFRASTRUCTURE LLC | WBI | 450,000 | $9.0M | 0.16% |
| 70 | BERKSHIRE HATHAWAY INC CLASS B | BRK-A | 17,751 | $8.9M | 0.16% |
| 71 | WEC ENERGY GROUP INC COM | WEC | 84,544 | $8.9M | 0.16% |
| 72 | LUMENTUM HOLDINGS INC | LITE | 20,500 | $7.6M | 0.13% |
| 73 | JOHNSON CTLS INTL PLC SHS | G51502105 | 49,996 | $6.0M | 0.10% |
| 74 | COGENT COMMUNICATIONS HLDGS CO | CCOI | 259,098 | $5.6M | 0.10% |
| 75 | CHARTER COMMUNICATIONS INC | 16119P108 | 24,500 | $5.1M | 0.09% |
| 76 | COHERENT CORP | COHR | 26,000 | $4.8M | 0.08% |
| 77 | LITHIUM AMERICAS CORP | LTUM | 1,040,000 | $4.5M | 0.08% |
| 78 | IRON MTN INC NEW | 46284V101 | 53,900 | $4.5M | 0.08% |
| 79 | CHESAPEAKE UTILS CORP | 165303108 | 30,000 | $3.7M | 0.07% |
| 80 | LAMAR ADVERTISING CO | LAMR | 25,000 | $3.2M | 0.06% |
| 81 | ARISTA NETWORKS INC | ANET | 23,336 | $3.1M | 0.05% |
| 82 | REAVES UTIL INCOME FD COM SH B | 756158101 | 83,326 | $3.0M | 0.05% |
| 83 | ATMOS ENERGY CORP COM | ATO | 16,678 | $2.8M | 0.05% |
| 84 | TAMBORAN RESOURCES CORP | TBNRL | 100,000 | $2.7M | 0.05% |
| 85 | EXXON MOBIL CORP | XOM | 17,910 | $2.2M | 0.04% |
| 86 | SOUTHERN CO COM | SOMN | 24,648 | $2.1M | 0.04% |
| 87 | LINDE PLC SH | LIN | 4,352 | $1.9M | 0.03% |
| 88 | PG&E CORP COM | PCG-PX | 99,104 | $1.6M | 0.03% |
| 89 | CHEVRON CORPORATION COM | CVX | 9,115 | $1.4M | 0.02% |
| 90 | APPLE INC COM | AAPL | 4,800 | $1.3M | 0.02% |
| 91 | DEUTSCHE TELEKOM AG | DTEGF | 37,859 | $1.2M | 0.02% |
| 92 | EVERUS CONSTRUCTION GROUP INC | EVEX-WT | 12,500 | $1.1M | 0.02% |
| 93 | DUKE ENERGY CORP NEW COM NEW | DUKB | 8,164 | $956,902 | 0.02% |
| 94 | PROLOGIS INC COM | PLDGP | 7,356 | $939,067 | 0.02% |
| 95 | PHILLIP MORRIS INTERNATIONAL | 718172109 | 5,000 | $802,000 | 0.01% |
| 96 | AMERICAN WATER WORKS | 030420103 | 6,145 | $801,923 | 0.01% |
| 97 | EVERGY INC COM | EVRG | 9,924 | $719,391 | 0.01% |
| 98 | JOHNSON & JOHNSON COM | JNJ | 3,278 | $678,382 | 0.01% |
| 99 | NEW JERSEY RES COM | NJR | 14,420 | $665,050 | 0.01% |
| 100 | OLD DOMINION FREIGHT LINE | ODFL | 4,200 | $658,560 | 0.01% |
| 101 | CANADIAN PACIFIC KANSAS CITY L | CP | 8,191 | $603,103 | 0.01% |
| 102 | PPG INDS INC COM | 693506107 | 5,000 | $512,300 | 0.01% |
| 103 | ALTRIA GROUP INC. | MO | 8,000 | $461,280 | 0.01% |
| 104 | EXELON CORP COM | EXC | 7,990 | $348,284 | 0.01% |
| 105 | BAKER HUGHES CO CL A | BKR | 5,000 | $227,700 | 0.00% |