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 6,939 6,700 SH   SOLE   6,700 0 0
ALTICE USA INC. CL A COM 02156K103 98,092 5,937,784 SH   SOLE   5,590,219 0 347,565
ALTRIA GROUP INC. COM 02209S103 568 11,500 SH   SOLE   3,500 0 8,000
AMEREN CORP COM COM 023608102 2,534 38,850 SH   SOLE   13,500 0 25,350
AMERICAN TOWER REIT COM COM 03027X100 9,900 62,585 SH   SOLE   61,244 0 1,341
AMERICAN WATER WORKS COM 030420103 67,671 745,522 SH   SOLE   697,620 0 47,902
AMERICAN WATER WORKS COM 030420103 409 4,505 SH   OTR 1 0 4,505 0
ANNALY MTG MGMT INC COM COM 035710409 27,521 2,802,500 SH   SOLE   2,802,500 0 0
AT & T INC. (NEW) COM 00206R102 34,569 1,211,235 SH   SOLE   1,211,235 0 0
ATMOS ENERGY CORP COM COM 049560105 30,850 332,727 SH   SOLE   301,839 0 30,888
ATMOS ENERGY CORP COM COM 049560105 364 3,928 SH   OTR 1 0 3,928 0
BCE INC COM NEW COM 05534B760 91,006 2,302,204 SH   SOLE   2,148,338 0 153,866
BERKSHIRE HATHAWAY INC CLASS B COM 084670702 8,690 42,562 SH   SOLE   2,600 0 39,962
BP PLC SPONS ADR COM 055622104 43,290 1,141,625 SH   SOLE   1,033,025 0 108,600
CANADIAN NATL RY CO COM COM 136375102 6,070 81,903 SH   SOLE   80,510 0 1,393
CENTURYLINK INC COM 156700106 61,859 4,083,100 SH   SOLE   4,016,100 0 67,000
CHARTER COMMUNICATIONS INC COM 16119P108 96,305 337,947 SH   SOLE   321,292 0 16,655
CHEVRON CORPORATION COM COM 166764100 26,617 244,668 SH   SOLE   200,225 0 44,443
CLEARWAY ENERGY INC. CL C COM 18539C204 17,016 986,420 SH   SOLE   986,420 0 0
CLEARWAY ENERGY INC. CL C COM 18539C204 362 20,999 SH   OTR 1 0 20,999 0
CMS ENERGY CORP COM COM 125896100 36,196 729,016 SH   SOLE   729,016 0 0
CMS ENERGY CORP COM COM 125896100 636 12,807 SH   OTR 1 0 12,807 0
COMCAST CORP CLASS A COM 20030N101 68,576 2,013,979 SH   SOLE   1,954,537 0 59,442
CONCHO RESOURCES INC COM 20605P101 1,896 18,450 SH   SOLE   5,850 0 12,600
CONTINENTAL RES INC COM COM 212015101 1,254 31,200 SH   SOLE   3,850 0 27,350
CORESITE REALTY CORP COM 21870Q105 9,421 108,000 SH   SOLE   108,000 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 59,396 546,771 SH   SOLE   494,771 0 52,000
CYRUSONE INC COM 23283R100 8,622 163,050 SH   SOLE   128,675 0 34,375
DELTA AIRLINES INC COM 247361702 42,016 842,002 SH   SOLE   751,467 0 90,535
DOMINION ENERGY INC. COM 25746U109 110,029 1,539,735 SH   SOLE   1,479,535 0 60,200
DOMINION ENERGY INC. COM 25746U109 630 8,811 SH   OTR 1 0 8,811 0
DTE ENERGY CO COM COM 233331107 160,241 1,452,776 SH   SOLE   1,385,475 0 67,301
DTE ENERGY CO COM COM 233331107 1,115 10,108 SH   OTR 1 0 10,108 0
EDISON INTL COM COM 281020107 19,540 344,200 SH   SOLE   344,200 0 0
ENERGY SELECT SECTOR SPDR COM 81369Y506 334 5,830 SH   SOLE   5,655 0 175
EOG RES INC COM COM 26875P101 26,637 305,430 SH   SOLE   260,082 0 45,348
EQUINIX INC COM NEW COM 29444U700 40,556 115,033 SH   SOLE   102,241 0 12,792
EVERGY INC COM COM 30034W106 10,330 181,962 SH   SOLE   179,200 0 2,762
EVERSOURCE ENERGY COM 30040W108 67,620 1,039,666 SH   SOLE   1,036,029 0 3,637
EVERSOURCE ENERGY COM 30040W108 645 9,921 SH   OTR 1 0 9,921 0
EXELON CORP COM COM 30161N101 289 6,400 SH   OTR 1 0 6,400 0
EXXON MOBIL CORP COM 30231G102 32,468 476,135 SH   SOLE   469,085 0 7,050
FORTIS INC COM 349553107 40,418 1,211,572 SH   SOLE   1,180,522 0 31,050
FORTIS INC COM 349553107 312 9,350 SH   OTR 1 0 9,350 0
HESS CORPORATION COM 42809H107 1,925 47,525 SH   SOLE   17,000 0 30,525
INFRAREIT INC COM 45685L100 7,951 378,263 SH   SOLE   378,263 0 0
INFRAREIT INC COM 45685L100 510 24,279 SH   OTR 1 0 24,279 0
JOHNSON & JOHNSON COM COM 478160104 452 3,500 SH   SOLE   0 0 3,500
KANSAS CITY SOUTHN IND COM COM 485170302 926 9,700 SH   SOLE   9,700 0 0
KRAFT HEINZ CO COM 500754106 11,621 270,000 SH   SOLE   270,000 0 0
LIBERTY GLOBAL PLC SHS CL A COM G5480U104 2,668 125,000 SH   SOLE   125,000 0 0
LIBERTY LATIN AMERICA CLASS A COM G9001E102 3,065 211,702 SH   SOLE   146,890 0 64,812
MARATHON PETROLEUM CORP COM 56585A102 21,809 369,580 SH   SOLE   306,256 0 63,324
NEXTERA ENERGY INC COM COM 65339F101 126,576 728,203 SH   SOLE   669,805 0 58,398
NEXTERA ENERGY INC COM COM 65339F101 2,145 12,338 SH   OTR 1 0 12,338 0
NEXTERA ENERGY PARTNERS LP COM 65341B106 83,217 1,933,033 SH   SOLE   1,797,575 0 135,458
NEXTERA ENERGY PARTNERS LP COM 65341B106 566 13,149 SH   OTR 1 0 13,149 0
NISOURCE INC COM COM 65473P105 55,403 2,185,540 SH   SOLE   2,023,430 0 162,110
NISOURCE INC COM COM 65473P105 692 27,295 SH   OTR 1 0 27,295 0
NRG ENERGY INC COM COM 629377508 7,609 192,147 SH   SOLE   192,147 0 0
NRG ENERGY INC COM COM 629377508 224 5,650 SH   OTR 1 0 5,650 0
OCCIDENTAL PETE CP DEL COM COM 674599105 17,003 277,005 SH   SOLE   277,005 0 0
ONEOK INC NEW COM COM 682680103 71,583 1,326,846 SH   SOLE   1,250,291 0 76,555
PHILLIP MORRIS INTERNATIONAL COM 718172109 334 5,000 SH   SOLE   0 0 5,000
PINNACLE WEST CAP CORP COM COM 723484101 31,064 364,600 SH   SOLE   364,600 0 0
PINNACLE WEST CAP CORP COM COM 723484101 417 4,896 SH   OTR 1 0 4,896 0
PIONEER NAT RES CO COM COM 723787107 19,498 148,252 SH   SOLE   126,968 0 21,284
PPG INDS INC COM COM 693506107 572 5,600 SH   SOLE   0 0 5,600
PPL CORP COM COM 69351T106 55,362 1,954,176 SH   SOLE   1,875,526 0 78,650
PPL CORP COM COM 69351T106 368 13,000 SH   OTR 1 0 13,000 0
PUBLIC SVC ENTERPRISE GROUP IN COM 744573106 43,947 844,320 SH   SOLE   790,752 0 53,568
PUBLIC SVC ENTERPRISE GROUP IN COM 744573106 806 15,489 SH   OTR 1 0 15,489 0
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 104,063 1,785,872 SH   SOLE   1,649,547 0 136,325
SBA COMMUNICATIONS COR CL A COM 78410G104 10,680 65,972 SH   SOLE   45,302 0 20,670
SELECT SECTOR SPDR TR COMMUNIC COM 81369Y852 575 13,930 SH   SOLE   13,610 0 320
SELECT SECTOR SPDR-UTILITIES COM 81369Y886 266 5,025 SH   SOLE   5,025 0 0
SEMPRA ENERGY COM COM 816851109 122,774 1,134,803 SH   SOLE   1,096,191 0 38,612
SEMPRA ENERGY COM COM 816851109 765 7,069 SH   OTR 1 0 7,069 0
SOUTH JERSEY IND COM 838518108 37,224 1,338,992 SH   SOLE   1,263,670 0 75,322
SOUTH JERSEY IND COM 838518108 508 18,289 SH   OTR 1 0 18,289 0
SOUTHERN CO COM COM 842587107 36,500 831,050 SH   SOLE   831,050 0 0
SOUTHWEST GAS CORP COM COM 844895102 8,264 108,024 SH   SOLE   108,024 0 0
SOUTHWEST GAS CORP COM COM 844895102 358 4,680 SH   OTR 1 0 4,680 0
T-MOBILE US INC COM COM 872590104 50,720 797,364 SH   SOLE   732,902 0 64,462
TARGA RESOURCES CORP COM 87612G101 14,185 393,811 SH   SOLE   363,839 0 29,972
TELUS CORP COM COM 87971M103 2,559 77,222 SH   SOLE   77,182 0 40
TRANSCANADA CORP COM 89353D107 6,133 171,796 SH   SOLE   167,846 0 3,950
TWENTY-FIRST CENTURY FOX INC COM 90130A101 6,056 125,844 SH   SOLE   123,309 0 2,535
UNION PAC CORP COM COM 907818108 72,914 527,483 SH   SOLE   502,345 0 25,138
UNITI GROUP INC COM 91325V108 11,968 768,635 SH   SOLE   768,635 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 111,040 1,975,102 SH   SOLE   1,904,292 0 70,810
WEC ENERGY GROUP INC COM COM 92939U106 67,283 971,449 SH   SOLE   971,399 0 50
WEC ENERGY GROUP INC COM COM 92939U106 664 9,591 SH   OTR 1 0 9,591 0
WELLS FARGO & CO NEW COM COM 949746101 415 9,000 SH   SOLE   0 0 9,000
WILLIAMS COS INC COM COM 969457100 52,681 2,389,140 SH   SOLE   2,305,415 0 83,725
XCEL ENERGY INC COM COM 98389B100 446 9,047 SH   OTR 1 0 9,047 0
ZAYO GROUP HLDGS INC COM 98919V105 4,225 185,000 SH   SOLE   185,000 0 0
BASTION ENERGY LLC (ANGLO DUTC LP 065000999 1,860 1,000 SH   SOLE   1,000 0 0
ENTERPRISE PRODUCTS PARTNERS L LP 293792107 46,491 1,890,650 SH   SOLE   1,871,300 0 19,350
TALARA OPPORTUNITIES II, LP LP 874111111 3,591 40,519 SH   SOLE   40,519 0 0
TELUS CORPORATION COM 87971M103 13,584 410,000 SH   SOLE   410,000 0 0
REAVES UTIL INCOME FD COM SH B CEF 756158101 4,374 148,638 SH   SOLE   46,090 0 102,548