# EDGAR Filing Document

**Accession Number:** 0000740913
**File Stem:** 0000740913-25-000010
**Filing Date:** 2025-8
**Character Count:** 13675
**Document Hash:** f116508f222ec3309c21d844132efd3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000740913-25-000010.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0000740913-25-000010

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REAVES W H & CO INC
- **CENTRAL INDEX KEY:** 0000740913

**ORGANIZATION NAME:**
- **EIN:** 222169066
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01347
- **FILM NUMBER:** 251200723

**BUSINESS ADDRESS:**
- **STREET 1:** 10 EXCHANGE PLACE
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302
- **BUSINESS PHONE:** 2123224596

**MAIL ADDRESS:**
- **STREET 1:** REAVES W H & CO INC
- **STREET 2:** 10 EXCHANGE PLACE
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** REAVES W H  CO INC<br>**Address:** REAVES W H  CO INC<br>10 EXCHANGE PLACE<br>JERSEY CITY, NJ 07302

**Form 13F File Number:** 028-01347

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Stephen Gavlick<br>**Title:** Chief Compliance Officer<br>**Phone:** 2012401987

**Signature, Place, and Date of Signing:**

Stephen Gavlick  Jersey City, NJ  08-11-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 97

**Form 13F Information Table Value Total:** $4510788821

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                | Form 13F File Number   |
|:---|:---|:---|
|  | VIRTUS ADVISERS LLC | 028-17301              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALLIANT ENERGY CORP COM | COM | 018802108 |  | 49544401 | 819322 | SH |  | SOLE |  | 803232 | 0 | 16090 |
| ALLIANT ENERGY CORP COM | COM | 018802108 |  | 20157977 | 333355 | SH |  | OTR | 01 | 0 | 333355 | 0 |
| ALTRIA GROUP INC. | COM | 02209S103 |  | 469040 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| AMEREN CORP COM | COM | 023608102 |  | 30676905 | 319418 | SH |  | SOLE |  | 318847 | 0 | 571 |
| AMEREN CORP COM | COM | 023608102 |  | 12907968 | 134402 | SH |  | OTR | 01 | 0 | 134402 | 0 |
| AMERICAN TOWER REIT COM | COM | 03027X100 |  | 42665038 | 193037 | SH |  | SOLE |  | 192737 | 0 | 300 |
| AMERICAN WATER WORKS | COM | 030420103 |  | 21721331 | 156145 | SH |  | SOLE |  | 153245 | 0 | 2900 |
| APPLE INC COM | COM | 037833100 |  | 984816 | 4800 | SH |  | SOLE |  | 0 | 0 | 4800 |
| AT  T INC. (NEW) | COM | 00206R102 |  | 5233944 | 180855 | SH |  | SOLE |  | 179191 | 0 | 1664 |
| ATMOS ENERGY CORP COM | COM | 049560105 |  | 43298283 | 280957 | SH |  | SOLE |  | 270891 | 0 | 10066 |
| ATMOS ENERGY CORP COM | COM | 049560105 |  | 4941229 | 32063 | SH |  | OTR | 01 | 0 | 32063 | 0 |
| BERKSHIRE HATHAWAY INC CLASS B | COM | 084670702 |  | 8903193 | 18328 | SH |  | SOLE |  | 735 | 0 | 17593 |
| CAMECO CORP COM | COM | 13321L108 |  | 115535432 | 1556452 | SH |  | SOLE |  | 1533175 | 0 | 23277 |
| CANADIAN NATL RY CO COM | COM | 136375102 |  | 3038800 | 29208 | SH |  | SOLE |  | 16051 | 0 | 13157 |
| CANADIAN PACIFIC KANSAS CITY L | COM | 13646K108 |  | 740699 | 9344 | SH |  | SOLE |  | 1127 | 0 | 8217 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 194110940 | 5283368 | SH |  | SOLE |  | 5237828 | 0 | 45540 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 35784319 | 973988 | SH |  | OTR | 01 | 0 | 973988 | 0 |
| CENTRUS ENERGY CORP CL A | COM | 15643U104 |  | 38272713 | 208935 | SH |  | SOLE |  | 204957 | 0 | 3978 |
| CHARTER COMMUNICATIONS INC | COM | 16119P108 |  | 80544155 | 197021 | SH |  | SOLE |  | 191891 | 0 | 5130 |
| CHESAPEAKE UTILS CORP | COM | 165303108 |  | 3606600 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CHEVRON CORPORATION COM | COM | 166764100 |  | 1591557 | 11115 | SH |  | SOLE |  | 11115 | 0 | 0 |
| CMS ENERGY CORP COM | COM | 125896100 |  | 106899456 | 1543006 | SH |  | SOLE |  | 1525683 | 0 | 17323 |
| CMS ENERGY CORP COM | COM | 125896100 |  | 22830254 | 329536 | SH |  | OTR | 01 | 0 | 329536 | 0 |
| COGENT COMMUNICATIONS HLDGS CO | COM | 19239V302 |  | 39529934 | 819953 | SH |  | SOLE |  | 791748 | 0 | 28205 |
| COMCAST CORP CLASS A | COM | 20030N101 |  | 66333434 | 1858600 | SH |  | SOLE |  | 1858600 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 199281065 | 617428 | SH |  | SOLE |  | 605226 | 0 | 12202 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 66456284 | 205900 | SH |  | OTR | 01 | 0 | 205900 | 0 |
| DEUTSCHE TELEKOM AG | COM | 251566105 |  | 1376326 | 37859 | SH |  | SOLE |  | 37859 | 0 | 0 |
| DIGITAL REALTY TR | COM | 253868103 |  | 13029424 | 74740 | SH |  | SOLE |  | 74504 | 0 | 236 |
| DT MIDSTREAM INC | COM | 23345M107 |  | 76766310 | 698447 | SH |  | SOLE |  | 668033 | 0 | 30414 |
| DTE ENERGY CO COM | COM | 233331107 |  | 62100692 | 468826 | SH |  | SOLE |  | 468051 | 0 | 775 |
| DTE ENERGY CO COM | COM | 233331107 |  | 12175988 | 91922 | SH |  | OTR | 01 | 0 | 91922 | 0 |
| DUKE ENERGY CORP NEW COM NEW | COM | 26441C204 |  | 963352 | 8164 | SH |  | SOLE |  | 8164 | 0 | 0 |
| DYCOM INDS INC COM | COM | 267475101 |  | 29733709 | 121665 | SH |  | SOLE |  | 118338 | 0 | 3327 |
| EDISON INTL COM | COM | 281020107 |  | 340044 | 6590 | SH |  | SOLE |  | 5470 | 0 | 1120 |
| ENTERGY CORP NEW COM | COM | 29364G103 |  | 138633687 | 1667874 | SH |  | SOLE |  | 1667016 | 0 | 858 |
| ENTERGY CORP NEW COM | COM | 29364G103 |  | 25759220 | 309904 | SH |  | OTR | 01 | 0 | 309904 | 0 |
| EQT CORP COM | COM | 26884L109 |  | 19158237 | 328502 | SH |  | SOLE |  | 327818 | 0 | 684 |
| EQUINIX INC COM NEW | COM | 29444U700 |  | 126293590 | 158766 | SH |  | SOLE |  | 154811 | 0 | 3955 |
| EVERUS CONSTRUCTION GROUP INC | COM | 300426103 |  | 794125 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| EXELON CORP COM | COM | 30161N101 |  | 731193 | 16840 | SH |  | SOLE |  | 6355 | 0 | 10485 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1930698 | 17910 | SH |  | SOLE |  | 6580 | 0 | 11330 |
| FRONTIER COMMUNICATIONS PARENT | COM | 35909D109 |  | 25755330 | 707564 | SH |  | SOLE |  | 691995 | 0 | 15569 |
| GE VERNOVA INC | COM | 36828A101 |  | 10583000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| IDACORP INC COM | COM | 451107106 |  | 156649141 | 1356857 | SH |  | SOLE |  | 1356218 | 0 | 639 |
| IDACORP INC COM | COM | 451107106 |  | 24242999 | 209987 | SH |  | OTR | 01 | 0 | 209987 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 501020 | 3280 | SH |  | SOLE |  | 3225 | 0 | 55 |
| JOHNSON CTLS INTL PLC SHS | COM | G51502105 |  | 5337190 | 50532 | SH |  | SOLE |  | 50156 | 0 | 376 |
| LAMAR ADVERTISING CO | COM | 512816109 |  | 3034000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| LINDE PLC SH | COM | G54950103 |  | 9985558 | 21283 | SH |  | SOLE |  | 20520 | 0 | 763 |
| MARATHON PETROLEUM CORP | COM | 56585A102 |  | 24916500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| MDU RESOURCES GROUP INC | COM | 552690109 |  | 833500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| MP MATLS CORP | COM | 553368101 |  | 32105550 | 965000 | SH |  | SOLE |  | 965000 | 0 | 0 |
| NEW JERSEY RES COM | COM | 646025106 |  | 673196 | 15020 | SH |  | SOLE |  | 15020 | 0 | 0 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 41940000 | 604149 | SH |  | SOLE |  | 533411 | 0 | 70738 |
| NEXTERA ENERGY INC COM | COM | 65339F101 |  | 20123261 | 289877 | SH |  | OTR | 01 | 0 | 289877 | 0 |
| NISOURCE INC COM | COM | 65473P105 |  | 125314354 | 3106454 | SH |  | SOLE |  | 3081418 | 0 | 25036 |
| NISOURCE INC COM | COM | 65473P105 |  | 24827051 | 615445 | SH |  | OTR | 01 | 0 | 615445 | 0 |
| NORFOLK SOUTHERN CORP COM | COM | 655844108 |  | 56134221 | 219300 | SH |  | SOLE |  | 219300 | 0 | 0 |
| NORTHWEST NATURAL HOLDING CO | COM | 66765N105 |  | 234705 | 5909 | SH |  | SOLE |  | 5909 | 0 | 0 |
| NRG ENERGY INC COM | COM | 629377508 |  | 761631 | 4743 | SH |  | SOLE |  | 4743 | 0 | 0 |
| NRG ENERGY INC COM | COM | 629377508 |  | 20530795 | 127854 | SH |  | OTR | 01 | 0 | 127854 | 0 |
| OGE ENERGY CORP COM | COM | 670837103 |  | 50196310 | 1131057 | SH |  | SOLE |  | 1116157 | 0 | 14900 |
| OGE ENERGY CORP COM | COM | 670837103 |  | 4936299 | 111228 | SH |  | OTR | 01 | 0 | 111228 | 0 |
| OLD DOMINION FREIGHT LINE | COM | 679580100 |  | 12043472 | 74205 | SH |  | SOLE |  | 73878 | 0 | 327 |
| ONEOK INC NEW COM | COM | 682680103 |  | 47704409 | 584398 | SH |  | SOLE |  | 574098 | 0 | 10300 |
| PG CORP COM | COM | 69331C108 |  | 30381129 | 2179421 | SH |  | SOLE |  | 2132717 | 0 | 46704 |
| PHILLIP MORRIS INTERNATIONAL | COM | 718172109 |  | 910650 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| PINNACLE WEST CAP CORP COM | COM | 723484101 |  | 109177825 | 1220273 | SH |  | SOLE |  | 1219593 | 0 | 680 |
| PINNACLE WEST CAP CORP COM | COM | 723484101 |  | 23946467 | 267648 | SH |  | OTR | 01 | 0 | 267648 | 0 |
| PPG INDS INC COM | COM | 693506107 |  | 568750 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| PPL CORP COM | COM | 69351T106 |  | 104783813 | 3091880 | SH |  | SOLE |  | 3090275 | 0 | 1605 |
| PPL CORP COM | COM | 69351T106 |  | 24701743 | 728880 | SH |  | OTR | 01 | 0 | 728880 | 0 |
| PROLOGIS INC COM | COM | 74340W103 |  | 773263 | 7356 | SH |  | SOLE |  | 4961 | 0 | 2395 |
| PUBLIC SVC ENTERPRISE GROUP IN | COM | 744573106 |  | 104937189 | 1246581 | SH |  | SOLE |  | 1222002 | 0 | 24579 |
| PUBLIC SVC ENTERPRISE GROUP IN | COM | 744573106 |  | 28382381 | 337163 | SH |  | OTR | 01 | 0 | 337163 | 0 |
| QUANTA SVCS INC COM | COM | 74762E102 |  | 102779914 | 271847 | SH |  | SOLE |  | 267950 | 0 | 3897 |
| SBA COMMUNICATIONS COR CL A | COM | 78410G104 |  | 101603056 | 432648 | SH |  | SOLE |  | 426849 | 0 | 5799 |
| SEMPRA | COM | 816851109 |  | 103004845 | 1359441 | SH |  | SOLE |  | 1332893 | 0 | 26548 |
| SEMPRA | COM | 816851109 |  | 13889247 | 183308 | SH |  | OTR | 01 | 0 | 183308 | 0 |
| SOUTHERN CO COM | COM | 842587107 |  | 2759308 | 30048 | SH |  | SOLE |  | 12879 | 0 | 17169 |
| T-MOBILE US INC COM | COM | 872590104 |  | 36762803 | 154297 | SH |  | SOLE |  | 139559 | 0 | 14738 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 307304055 | 1056863 | SH |  | SOLE |  | 1048953 | 0 | 7910 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 56882463 | 195627 | SH |  | OTR | 01 | 0 | 195627 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 144837018 | 2571680 | SH |  | SOLE |  | 2568966 | 0 | 2714 |
| UNION PAC CORP COM | COM | 907818108 |  | 69170561 | 300637 | SH |  | SOLE |  | 288600 | 0 | 12037 |
| VERIZON COMMUNICATIONS COM | COM | 92343V104 |  | 201855 | 4665 | SH |  | SOLE |  | 2690 | 0 | 1975 |
| VERTIV HOLDINGS CO | COM | 92537N108 |  | 44917176 | 349795 | SH |  | SOLE |  | 344463 | 0 | 5332 |
| VISTRA CORP. | COM | 92840M102 |  | 223172215 | 1151500 | SH |  | SOLE |  | 1151500 | 0 | 0 |
| VISTRA CORP. | COM | 92840M102 |  | 80772062 | 416759 | SH |  | OTR | 01 | 0 | 416759 | 0 |
| WILLIAMS COS INC COM | COM | 969457100 |  | 46967559 | 747772 | SH |  | SOLE |  | 747772 | 0 | 0 |
| XCEL ENERGY INC COM | COM | 98389B100 |  | 136303172 | 2001515 | SH |  | SOLE |  | 2000745 | 0 | 770 |
| XCEL ENERGY INC COM | COM | 98389B100 |  | 35058561 | 514810 | SH |  | OTR | 01 | 0 | 514810 | 0 |
| SCE TRUST IV 5.375 PFD | PFD | 78409G206 |  | 1437988 | 63125 | SH |  | SOLE |  | 63125 | 0 | 0 |
| ENTERPRISE PRODUCTS PARTNERS L | LP | 293792107 |  | 111448079 | 3593940 | SH |  | SOLE |  | 3593940 | 0 | 0 |
| MPLX LP COM UNIT REP LTD | LP | 55336V100 |  | 34537455 | 670500 | SH |  | SOLE |  | 670500 | 0 | 0 |
| REAVES UTIL INCOME FD COM SH B | CEF | 756158101 |  | 3206365 | 88623 | SH |  | SOLE |  | 1750 | 0 | 86872 |

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