The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLETE INC COM NEW COM 018522300 6,570 91,660 SH   SOLE   73,010 0 18,650
ALLETE INC COM NEW COM 018522300 409 5,700 SH   OTR 1 0 5,700 0
ALTRIA GROUP INC. COM 02209S103 1,381 18,550 SH   SOLE   10,000 0 8,550
AMERICAN TOWER REIT COM COM 03027X100 46,701 352,941 SH   SOLE   327,243 0 25,698
AMERICAN WATER WORKS COM 030420103 101,006 1,295,777 SH   SOLE   1,243,700 0 52,077
AMERICAN WATER WORKS COM 030420103 689 8,834 SH   OTR 1 0 8,834 0
ANNALY MTG MGMT INC COM COM 035710409 15,695 1,302,500 SH   SOLE   1,302,500 0 0
APPLE INC COM COM 037833100 200 1,389 SH   SOLE   0 0 1,389
AQUA AMERICA INC. COM 03836W103 2,331 70,000 SH   SOLE   70,000 0 0
AT & T INC. (NEW) COM 00206R102 48,380 1,282,275 SH   SOLE   1,282,275 0 0
ATMOS ENERGY CORP COM COM 049560105 32,841 395,911 SH   SOLE   369,789 0 26,122
ATMOS ENERGY CORP COM COM 049560105 367 4,419 SH   OTR 1 0 4,419 0
AVANGRID, INC. COM 05351W103 8,764 198,500 SH   SOLE   198,500 0 0
AVANGRID, INC. COM 05351W103 258 5,848 SH   OTR 1 0 5,848 0
BAKER HUGHES INC COM COM 057224107 21,995 403,500 SH   SOLE   400,000 0 3,500
BCE INC COM NEW COM 05534B760 88,268 1,959,765 SH   SOLE   1,868,502 0 91,263
BERKSHIRE HATHAWAY INC CLASS B COM 084670702 7,266 42,900 SH   SOLE   1,400 0 41,500
BP PLC SPONS ADR COM 055622104 2,426 70,000 SH   SOLE   70,000 0 0
CENTURYLINK INC COM 156700106 37,522 1,571,283 SH   SOLE   1,441,988 0 129,295
CHARTER COMMUNICATIONS INC COM 16119P108 144,244 428,214 SH   SOLE   403,100 0 25,114
CHEVRON CORPORATION COM COM 166764100 54,910 526,315 SH   SOLE   483,068 0 43,247
CIMAREX ENERGY COM 171798101 6,335 67,385 SH   SOLE   53,185 0 14,200
CMS ENERGY CORP COM COM 125896100 29,179 630,900 SH   SOLE   625,800 0 5,100
CMS ENERGY CORP COM COM 125896100 666 14,408 SH   OTR 1 0 14,408 0
COMCAST CORP CLASS A COM 20030N101 135,787 3,488,862 SH   SOLE   3,235,544 0 253,318
CONTINENTAL RES INC COM COM 212015101 6,578 203,450 SH   SOLE   161,800 0 41,650
COSTCO WHSL CORP NEW COM COM 22160K105 640 4,000 SH   SOLE   4,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 63,547 634,325 SH   SOLE   574,754 0 59,571
DOMINION RES VA NEW COM COM 25746U109 42,320 552,260 SH   SOLE   552,260 0 0
DTE ENERGY CO COM COM 233331107 156,158 1,476,111 SH   SOLE   1,390,104 0 86,007
DTE ENERGY CO COM COM 233331107 712 6,735 SH   OTR 1 0 6,735 0
EDISON INTL COM COM 281020107 60,594 774,957 SH   SOLE   730,218 0 44,739
EDISON INTL COM COM 281020107 436 5,575 SH   OTR 1 0 5,575 0
EOG RES INC COM COM 26875P101 27,812 307,249 SH   SOLE   256,310 0 50,939
EQT CORP COM COM 26884L109 8,927 152,368 SH   SOLE   149,262 0 3,106
EVERSOURCE ENERGY COM 30040W108 78,399 1,291,374 SH   SOLE   1,259,124 0 32,250
EVERSOURCE ENERGY COM 30040W108 712 11,723 SH   OTR 1 0 11,723 0
EXXON MOBIL CORP COM 30231G102 9,715 120,343 SH   SOLE   111,228 0 9,115
FORTIS INC COM 349553107 43,411 1,235,026 SH   SOLE   1,235,026 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 23 20,050 SH   SOLE   20,050 0 0
GENERAL DYNAMICS CORP COM COM 369550108 246 1,240 SH   SOLE   0 0 1,240
GENERAL ELEC CO COM COM 369604103 284 10,500 SH   SOLE   0 0 10,500
HALLIBURTON CO COM COM 406216101 5,909 138,350 SH   SOLE   108,900 0 29,450
HELMERICH & PAYNE COM 423452101 264 4,860 SH   SOLE   4,860 0 0
HESS CORPORATION COM 42809H107 5,304 120,900 SH   SOLE   95,400 0 25,500
JOHNSON & JOHNSON COM COM 478160104 317 2,400 SH   SOLE   0 0 2,400
KRAFT HEINZ CO COM 500754106 32,535 379,900 SH   SOLE   373,900 0 6,000
LIBERTY GLOBAL PLC SHS CL A COM G5480U104 5,862 182,511 SH   SOLE   178,206 0 4,305
MARATHON PETROLEUM CORP COM 56585A102 22,038 421,130 SH   SOLE   352,067 0 69,063
NATIONAL GRID PLC SPONSORED AD COM 636274409 28,984 461,385 SH   SOLE   459,500 0 1,885
NATIONAL GRID PLC SPONSORED AD COM 636274409 432 6,875 SH   OTR 1 0 6,875 0
NEXTERA ENERGY INC COM COM 65339F101 167,267 1,193,656 SH   SOLE   1,128,812 0 64,844
NEXTERA ENERGY INC COM COM 65339F101 1,945 13,880 SH   OTR 1 0 13,880 0
NEXTERA ENERGY PARTNERS LP COM 65341B106 51,040 1,379,831 SH   SOLE   1,256,131 0 123,700
NEXTERA ENERGY PARTNERS LP COM 65341B106 680 18,392 SH   OTR 1 0 18,392 0
NISOURCE INC COM COM 65473P105 55,332 2,181,873 SH   SOLE   2,068,656 0 113,217
NISOURCE INC COM COM 65473P105 779 30,706 SH   OTR 1 0 30,706 0
ONEOK INC NEW COM COM 682680103 10,942 209,780 SH   SOLE   200,000 0 9,780
PATTERN ENERGY GROUP INC COM 70338P100 15,116 634,052 SH   SOLE   634,052 0 0
PATTERN ENERGY GROUP INC COM 70338P100 674 28,286 SH   OTR 1 0 28,286 0
PG&E CORP COM COM 69331C108 51,158 770,800 SH   SOLE   770,700 0 100
PG&E CORP COM COM 69331C108 1,148 17,295 SH   OTR 1 0 17,295 0
PHILLIP MORRIS INTERNATIONAL COM 718172109 1,705 14,518 SH   SOLE   9,500 0 5,018
PINNACLE WEST CAP CORP COM COM 723484101 50,004 587,175 SH   SOLE   573,525 0 13,650
PINNACLE WEST CAP CORP COM COM 723484101 469 5,508 SH   OTR 1 0 5,508 0
PIONEER NAT RES CO COM COM 723787107 34,402 215,580 SH   SOLE   177,779 0 37,801
PORTLAND GEN ELEC CO COM NEW COM 736508847 16,126 352,952 SH   SOLE   347,985 0 4,967
PORTLAND GEN ELEC CO COM NEW COM 736508847 618 13,517 SH   OTR 1 0 13,517 0
PPG INDS INC COM COM 693506107 616 5,600 SH   SOLE   0 0 5,600
PPL CORP COM COM 69351T106 42,306 1,094,320 SH   SOLE   1,039,720 0 54,600
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 101,017 1,899,175 SH   SOLE   1,764,200 0 134,975
SBA COMMUNICATIONS COR CL A COM 78410G104 16,734 124,049 SH   SOLE   105,564 0 18,485
SCANA CORP NEW COM COM 80589M102 64,303 959,610 SH   SOLE   945,210 0 14,400
SCANA CORP NEW COM COM 80589M102 898 13,404 SH   OTR 1 0 13,404 0
SCHLUMBERGER LTD COM COM 806857108 5,062 76,878 SH   SOLE   45,927 0 30,951
SEMPRA ENERGY COM COM 816851109 111,740 991,041 SH   SOLE   932,623 0 58,418
SEMPRA ENERGY COM COM 816851109 1,212 10,753 SH   OTR 1 0 10,753 0
SOUTH JERSEY IND COM 838518108 6,743 197,351 SH   SOLE   171,575 0 25,776
SOUTHERN CO COM COM 842587107 13,278 277,325 SH   SOLE   276,575 0 750
T-MOBILE US INC COM COM 872590104 37,622 620,623 SH   SOLE   571,898 0 48,725
TARGA RESOURCES CORP COM 87612G101 14,840 328,326 SH   SOLE   303,686 0 24,640
TELUS CORP COM COM 87971M103 1,560 45,200 SH   SOLE   45,200 0 0
TIME WARNER INC. COM 887317303 36,240 360,920 SH   SOLE   328,925 0 31,995
TRANSCANADA CORP COM 89353D107 32,924 690,655 SH   SOLE   578,219 0 112,436
UNION PAC CORP COM COM 907818108 61,741 566,900 SH   SOLE   541,000 0 25,900
UNITI GROUP INC COM 91325V108 47,100 1,873,501 SH   SOLE   1,693,192 0 180,309
VERIZON COMMUNICATIONS COM COM 92343V104 83,981 1,880,451 SH   SOLE   1,814,951 0 65,500
WEC ENERGY GROUP INC COM COM 92939U106 61,555 1,002,850 SH   SOLE   1,002,850 0 0
WEC ENERGY GROUP INC COM COM 92939U106 662 10,789 SH   OTR 1 0 10,789 0
WELLS FARGO & CO NEW COM COM 949746101 499 9,000 SH   SOLE   0 0 9,000
WILLIAMS COS INC COM COM 969457100 29,117 961,590 SH   SOLE   849,290 0 112,300
XCEL ENERGY INC COM COM 98389B100 467 10,178 SH   OTR 1 0 10,178 0
ZAYO GROUP HLDGS INC COM 98919V105 19,955 645,784 SH   SOLE   617,642 0 28,142
BASTION ENERGY LLC (ANGLO DUTC LP 065000999 3,150 674 SH   SOLE   674 0 0
ENTERPRISE PRODUCTS PARTNERS L LP 293792107 39,760 1,468,250 SH   SOLE   1,448,300 0 19,950
TALARA OPPORTUNITIES II, LP LP 874111111 3,454 40,519 SH   SOLE   40,519 0 0
WILLIAMS PARTNERS L P COM UNIT LP 96949L105 7,821 195,000 SH   SOLE   195,000 0 0
REAVES UTIL INCOME FD COM SH B CEF 756158101 3,237 94,260 SH   SOLE   18,279 0 75,981