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
ALPHABET INC COM 02079K107 3,103 2,600 SH   SOLE   2,600 0 0
ALTICE USA INC. CL A COM 02156K103 108,702 5,992,411 SH   SOLE   5,650,868 0 341,543
ALTRIA GROUP INC. COM 02209S103 968 16,050 SH   SOLE   7,700 0 8,350
AMEREN CORP COM COM 023608102 2,684 42,450 SH   SOLE   14,700 0 27,750
AMERICAN TOWER REIT COM COM 03027X100 44,604 306,981 SH   SOLE   286,937 0 20,044
AMERICAN WATER WORKS COM 030420103 94,623 1,075,624 SH   SOLE   1,026,608 0 49,016
AMERICAN WATER WORKS COM 030420103 691 7,853 SH   OTR 1 0 7,853 0
ANNALY MTG MGMT INC COM COM 035710409 31,739 3,102,500 SH   SOLE   3,102,500 0 0
APPLE INC COM COM 037833100 314 1,389 SH   SOLE   0 0 1,389
AT & T INC. (NEW) COM 00206R102 41,414 1,233,285 SH   SOLE   1,233,285 0 0
ATMOS ENERGY CORP COM COM 049560105 31,739 337,972 SH   SOLE   306,459 0 31,513
ATMOS ENERGY CORP COM COM 049560105 369 3,928 SH   OTR 1 0 3,928 0
BCE INC COM NEW COM 05534B760 97,007 2,394,048 SH   SOLE   2,248,460 0 145,588
BERKSHIRE HATHAWAY INC CLASS B COM 084670702 9,284 43,362 SH   SOLE   2,200 0 41,162
BP PLC SPONS ADR COM 055622104 51,935 1,126,575 SH   SOLE   1,025,325 0 101,250
CANADIAN NATL RY CO COM COM 136375102 7,285 81,124 SH   SOLE   79,696 0 1,428
CENTURYLINK INC COM 156700106 74,090 3,494,800 SH   SOLE   3,388,500 0 106,300
CHARTER COMMUNICATIONS INC COM 16119P108 105,755 324,520 SH   SOLE   308,670 0 15,850
CHEVRON CORPORATION COM COM 166764100 41,502 339,400 SH   SOLE   297,730 0 41,670
CLEARWAY ENERGY INC. CL C COM 18539C204 3,589 186,420 SH   SOLE   186,420 0 0
CLEARWAY ENERGY INC. CL C COM 18539C204 87 4,499 SH   OTR 1 0 4,499 0
CMS ENERGY CORP COM COM 125896100 42,069 858,560 SH   SOLE   858,560 0 0
CMS ENERGY CORP COM COM 125896100 628 12,807 SH   OTR 1 0 12,807 0
COMCAST CORP CLASS A COM 20030N101 94,306 2,663,262 SH   SOLE   2,546,109 0 117,153
CONCHO RESOURCES INC COM 20605P101 1,963 12,850 SH   SOLE   3,850 0 9,000
CONTINENTAL RES INC COM COM 212015101 2,376 34,800 SH   SOLE   4,000 0 30,800
CROWN CASTLE INTL CORP NEW COM 22822V101 47,187 423,850 SH   SOLE   368,751 0 55,099
CYRUSONE INC COM 23283R100 2,003 31,600 SH   SOLE   12,050 0 19,550
DELTA AIRLINES INC COM 247361702 42,332 732,001 SH   SOLE   653,681 0 78,320
DOMINION ENERGY INC. COM 25746U109 123,456 1,756,635 SH   SOLE   1,693,685 0 62,950
DOMINION ENERGY INC. COM 25746U109 619 8,811 SH   OTR 1 0 8,811 0
DTE ENERGY CO COM COM 233331107 165,722 1,518,570 SH   SOLE   1,440,646 0 77,924
DTE ENERGY CO COM COM 233331107 1,103 10,108 SH   OTR 1 0 10,108 0
EDISON INTL COM COM 281020107 38,591 570,200 SH   SOLE   570,200 0 0
EDISON INTL COM COM 281020107 135 2,000 SH   OTR 1 0 2,000 0
EOG RES INC COM COM 26875P101 38,415 301,128 SH   SOLE   252,208 0 48,920
EQUINIX INC COM NEW COM 29444U700 18,957 43,792 SH   SOLE   41,672 0 2,120
EVERGY INC COM COM 30034W106 13,338 242,860 SH   SOLE   206,533 0 36,327
EVERSOURCE ENERGY COM 30040W108 75,948 1,236,137 SH   SOLE   1,232,427 0 3,710
EVERSOURCE ENERGY COM 30040W108 610 9,921 SH   OTR 1 0 9,921 0
EXELON CORP COM COM 30161N101 279 6,400 SH   OTR 1 0 6,400 0
EXXON MOBIL CORP COM 30231G102 27,716 325,995 SH   SOLE   318,945 0 7,050
FORTIS INC COM 349553107 37,373 1,152,772 SH   SOLE   1,152,772 0 0
GENERAL DYNAMICS CORP COM COM 369550108 254 1,240 SH   SOLE   0 0 1,240
HESS CORPORATION COM 42809H107 3,169 44,275 SH   SOLE   15,400 0 28,875
INFRAREIT INC COM 45685L100 27,895 1,318,909 SH   SOLE   1,268,259 0 50,650
INFRAREIT INC COM 45685L100 566 26,779 SH   OTR 1 0 26,779 0
JOHNSON & JOHNSON COM COM 478160104 332 2,400 SH   SOLE   0 0 2,400
KANSAS CITY SOUTHN IND COM COM 485170302 1,099 9,700 SH   SOLE   9,700 0 0
KRAFT HEINZ CO COM 500754106 25,466 462,100 SH   SOLE   453,100 0 9,000
LIBERTY GLOBAL PLC SHS CL A COM G5480U104 3,616 125,000 SH   SOLE   125,000 0 0
LIBERTY LATIN AMERICA CLASS A COM G9001E102 4,558 218,702 SH   SOLE   150,090 0 68,612
MARATHON PETROLEUM CORP COM 56585A102 18,801 235,106 SH   SOLE   197,104 0 38,002
NATIONAL GRID PLC SPONSORED AD COM 636274409 16,612 320,322 SH   SOLE   320,322 0 0
NEXTERA ENERGY INC COM COM 65339F101 145,057 865,494 SH   SOLE   802,528 0 62,966
NEXTERA ENERGY INC COM COM 65339F101 2,068 12,338 SH   OTR 1 0 12,338 0
NEXTERA ENERGY PARTNERS LP COM 65341B106 77,602 1,600,049 SH   SOLE   1,480,081 0 119,968
NEXTERA ENERGY PARTNERS LP COM 65341B106 638 13,149 SH   OTR 1 0 13,149 0
NISOURCE INC COM COM 65473P105 59,625 2,392,648 SH   SOLE   2,236,716 0 155,932
NISOURCE INC COM COM 65473P105 680 27,295 SH   OTR 1 0 27,295 0
NRG ENERGY INC COM COM 629377508 1,309 35,000 SH   SOLE   35,000 0 0
NRG ENERGY INC COM COM 629377508 211 5,650 SH   OTR 1 0 5,650 0
OCCIDENTAL PETE CP DEL COM COM 674599105 31,669 385,412 SH   SOLE   363,827 0 21,585
ONEOK INC NEW COM COM 682680103 87,940 1,297,235 SH   SOLE   1,238,205 0 59,030
PHILLIP MORRIS INTERNATIONAL COM 718172109 923 11,318 SH   SOLE   6,300 0 5,018
PINNACLE WEST CAP CORP COM COM 723484101 44,971 567,954 SH   SOLE   566,204 0 1,750
PINNACLE WEST CAP CORP COM COM 723484101 388 4,896 SH   OTR 1 0 4,896 0
PIONEER NAT RES CO COM COM 723787107 20,070 115,219 SH   SOLE   88,909 0 26,310
PPG INDS INC COM COM 693506107 611 5,600 SH   SOLE   0 0 5,600
PPL CORP COM COM 69351T106 30,627 1,046,720 SH   SOLE   971,195 0 75,525
PPL CORP COM COM 69351T106 380 13,000 SH   OTR 1 0 13,000 0
PUBLIC SVC ENTERPRISE GROUP IN COM 744573106 44,105 835,481 SH   SOLE   784,788 0 50,693
PUBLIC SVC ENTERPRISE GROUP IN COM 744573106 818 15,489 SH   OTR 1 0 15,489 0
ROYAL DUTCH SHELL PLC ADRS B COM 780259107 212 2,990 SH   SOLE   2,990 0 0
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 121,570 1,784,117 SH   SOLE   1,646,742 0 137,375
SBA COMMUNICATIONS COR CL A COM 78410G104 10,898 67,846 SH   SOLE   46,861 0 20,985
SEMPRA ENERGY COM COM 816851109 120,279 1,057,394 SH   SOLE   1,017,442 0 39,952
SEMPRA ENERGY COM COM 816851109 955 8,394 SH   OTR 1 0 8,394 0
SOUTH JERSEY IND COM 838518108 29,163 826,836 SH   SOLE   774,264 0 52,572
SOUTH JERSEY IND COM 838518108 645 18,289 SH   OTR 1 0 18,289 0
SOUTHERN CO COM COM 842587107 38,196 876,050 SH   SOLE   876,050 0 0
SOUTHWEST GAS CORP COM COM 844895102 12,182 154,140 SH   SOLE   143,490 0 10,650
SOUTHWEST GAS CORP COM COM 844895102 370 4,680 SH   OTR 1 0 4,680 0
T-MOBILE US INC COM COM 872590104 61,399 874,885 SH   SOLE   825,538 0 49,347
TARGA RESOURCES CORP COM 87612G101 13,643 242,292 SH   SOLE   228,500 0 13,792
TELUS CORP COM COM 87971M103 2,778 75,397 SH   SOLE   75,397 0 0
TRANSCANADA CORP COM 89353D107 4,312 106,571 SH   SOLE   106,489 0 82
TWENTY-FIRST CENTURY FOX INC COM 90130A101 40,222 868,154 SH   SOLE   865,559 0 2,595
UNION PAC CORP COM COM 907818108 83,895 515,228 SH   SOLE   488,740 0 26,488
UNITI GROUP INC COM 91325V108 16,390 813,423 SH   SOLE   813,423 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 106,540 1,995,513 SH   SOLE   1,914,463 0 81,050
WEC ENERGY GROUP INC COM COM 92939U106 68,693 1,028,949 SH   SOLE   1,028,899 0 50
WEC ENERGY GROUP INC COM COM 92939U106 640 9,591 SH   OTR 1 0 9,591 0
WELLS FARGO & CO NEW COM COM 949746101 473 9,000 SH   SOLE   0 0 9,000
WILLIAMS COS INC COM COM 969457100 55,973 2,058,595 SH   SOLE   1,928,195 0 130,400
XCEL ENERGY INC COM COM 98389B100 427 9,047 SH   OTR 1 0 9,047 0
ZAYO GROUP HLDGS INC COM 98919V105 16,593 477,910 SH   SOLE   473,253 0 4,657
BASTION ENERGY LLC (ANGLO DUTC LP 065000999 2,351 1,000 SH   SOLE   1,000 0 0
ENTERPRISE PRODUCTS PARTNERS L LP 293792107 47,435 1,651,050 SH   SOLE   1,631,300 0 19,750
TALARA OPPORTUNITIES II, LP LP 874111111 3,591 40,519 SH   SOLE   40,519 0 0
TELUS CORPORATION COM 87971M103 15,101 410,000 SH   SOLE   410,000 0 0
REAVES UTIL INCOME FD COM SH B CEF 756158101 4,661 152,019 SH   SOLE   46,217 0 105,802