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 16,146 13,245 SH   SOLE   12,525 0 720
ALPHABET INC. CLASS A COM 02079K305 10,832 8,870 SH   SOLE   8,677 0 193
ALTICE USA INC. CL A COM 02156K103 129,624 4,519,650 SH   SOLE   4,331,390 0 188,260
ALTRIA GROUP INC. COM 02209S103 327 8,000 SH   SOLE   0 0 8,000
AMERICAN TOWER REIT COM COM 03027X100 1,145 5,178 SH   SOLE   5,178 0 0
AMERICAN WATER WORKS COM 030420103 69,297 557,810 SH   SOLE   526,932 0 30,878
AMERICAN WATER WORKS COM 030420103 909 7,320 SH   OTR 1 0 7,320 0
APPLE INC COM COM 037833100 269 1,200 SH   SOLE   0 0 1,200
AT & T INC. (NEW) COM 00206R102 23,205 613,234 SH   SOLE   613,234 0 0
ATMOS ENERGY CORP COM COM 049560105 35,713 313,575 SH   SOLE   296,414 0 17,161
ATMOS ENERGY CORP COM COM 049560105 727 6,383 SH   OTR 1 0 6,383 0
BCE INC COM NEW COM 05534B760 119,304 2,464,453 SH   SOLE   2,374,653 0 89,800
BERKSHIRE HATHAWAY INC CLASS B COM 084670702 9,457 45,462 SH   SOLE   2,850 0 42,612
BP PLC SPONS ADR COM 055622104 38,689 1,018,400 SH   SOLE   941,100 0 77,300
CANADIAN NATL RY CO COM COM 136375102 16,316 181,572 SH   SOLE   164,382 0 17,190
CBS CORP COM COM 124857202 18,606 460,879 SH   SOLE   393,704 0 67,175
CHARTER COMMUNICATIONS INC COM 16119P108 121,710 295,327 SH   SOLE   281,785 0 13,542
CHENIERE ENERGY INC COM 16411R208 221 3,500 SH   SOLE   3,500 0 0
CHESAPEAKE UTILS CORP COM 165303108 403 4,225 SH   OTR 1 0 4,225 0
CHEVRON CORPORATION COM COM 166764100 15,492 130,624 SH   SOLE   107,875 0 22,749
CLEARWAY ENERGY INC. CL C COM 18539C204 18,002 986,420 SH   SOLE   986,420 0 0
CMS ENERGY CORP COM COM 125896100 49,421 772,809 SH   SOLE   772,809 0 0
CMS ENERGY CORP COM COM 125896100 1,331 20,810 SH   OTR 1 0 20,810 0
COMCAST CORP CLASS A COM 20030N101 67,024 1,486,775 SH   SOLE   1,486,775 0 0
CONSOLIDATED EDISON INC COM 209115104 15,592 165,050 SH   SOLE   165,050 0 0
CONSOLIDATED EDISON INC COM 209115104 982 10,400 SH   OTR 1 0 10,400 0
CORESITE REALTY CORP COM 21870Q105 30,706 252,002 SH   SOLE   239,162 0 12,840
CROWN CASTLE INTL CORP NEW COM 22822V101 67,877 488,289 SH   SOLE   454,318 0 33,971
DELTA AIRLINES INC COM 247361702 48,736 846,109 SH   SOLE   782,404 0 63,705
DOMINION ENERGY INC. COM 25746U109 76,575 944,900 SH   SOLE   944,900 0 0
DOMINION ENERGY INC. COM 25746U109 366 4,511 SH   OTR 1 0 4,511 0
DTE ENERGY CO COM COM 233331107 173,065 1,301,629 SH   SOLE   1,260,008 0 41,621
DTE ENERGY CO COM COM 233331107 2,184 16,423 SH   OTR 1 0 16,423 0
EDISON INTL COM COM 281020107 86,905 1,152,275 SH   SOLE   1,148,575 0 3,700
EDISON INTL COM COM 281020107 1,079 14,300 SH   OTR 1 0 14,300 0
EOG RES INC COM COM 26875P101 7,244 97,605 SH   SOLE   82,267 0 15,338
EQUINIX INC COM NEW COM 29444U700 84,210 145,995 SH   SOLE   137,800 0 8,195
EVERSOURCE ENERGY COM 30040W108 59,855 700,301 SH   SOLE   697,099 0 3,202
EVERSOURCE ENERGY COM 30040W108 753 8,809 SH   OTR 1 0 8,809 0
EXELON CORP COM COM 30161N101 502 10,400 SH   OTR 1 0 10,400 0
EXXON MOBIL CORP COM 30231G102 34,595 489,940 SH   SOLE   479,140 0 10,800
FIRSTENERGY CORP COM COM 337932107 43,822 908,600 SH   SOLE   859,000 0 49,600
FIRSTENERGY CORP COM COM 337932107 263 5,445 SH   OTR 1 0 5,445 0
FORTIS INC COM 349553107 54,056 1,277,013 SH   SOLE   1,245,738 0 31,275
FORTIS INC COM 349553107 925 21,853 SH   OTR 1 0 21,853 0
GENERAL DYNAMICS CORP COM COM 369550108 227 1,240 SH   SOLE   0 0 1,240
JOHNSON & JOHNSON COM COM 478160104 472 3,650 SH   SOLE   0 0 3,650
KANSAS CITY SOUTHN IND COM COM 485170302 6,462 48,583 SH   SOLE   47,567 0 1,016
MARATHON PETROLEUM CORP COM 56585A102 60,910 1,002,637 SH   SOLE   944,966 0 57,671
NEXTERA ENERGY INC COM COM 65339F101 160,664 689,573 SH   SOLE   648,711 0 40,862
NEXTERA ENERGY INC COM COM 65339F101 4,671 20,046 SH   OTR 1 0 20,046 0
NEXTERA ENERGY PARTNERS LP COM 65341B106 105,411 1,994,907 SH   SOLE   1,904,909 0 89,998
NEXTERA ENERGY PARTNERS LP COM 65341B106 1,249 23,642 SH   OTR 1 0 23,642 0
NISOURCE INC COM COM 65473P105 56,447 1,886,583 SH   SOLE   1,798,792 0 87,791
NISOURCE INC COM COM 65473P105 1,254 41,919 SH   OTR 1 0 41,919 0
NRG ENERGY INC COM COM 629377508 17,054 430,650 SH   SOLE   417,800 0 12,850
NRG ENERGY INC COM COM 629377508 673 16,995 SH   OTR 1 0 16,995 0
OCCIDENTAL PETE CP DEL COM COM 674599105 13,176 296,290 SH   SOLE   296,290 0 0
ONEOK INC NEW COM COM 682680103 102,567 1,391,868 SH   SOLE   1,350,948 0 40,920
PHILLIP MORRIS INTERNATIONAL COM 718172109 380 5,000 SH   SOLE   0 0 5,000
PINNACLE WEST CAP CORP COM COM 723484101 36,091 371,800 SH   SOLE   370,800 0 1,000
PINNACLE WEST CAP CORP COM COM 723484101 515 5,304 SH   OTR 1 0 5,304 0
PIONEER NAT RES CO COM COM 723787107 6,285 49,969 SH   SOLE   44,754 0 5,215
PPG INDS INC COM COM 693506107 664 5,600 SH   SOLE   0 0 5,600
PPL CORP COM COM 69351T106 34,989 1,111,100 SH   SOLE   1,111,100 0 0
PPL CORP COM COM 69351T106 455 14,460 SH   OTR 1 0 14,460 0
PUBLIC SVC ENTERPRISE GROUP IN COM 744573106 99,003 1,594,760 SH   SOLE   1,546,535 0 48,225
PUBLIC SVC ENTERPRISE GROUP IN COM 744573106 1,562 25,167 SH   OTR 1 0 25,167 0
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 85,932 1,460,183 SH   SOLE   1,402,593 0 57,590
SBA COMMUNICATIONS COR CL A COM 78410G104 20,559 85,253 SH   SOLE   78,920 0 6,333
SEMPRA ENERGY COM COM 816851109 164,100 1,111,715 SH   SOLE   1,073,105 0 38,610
SEMPRA ENERGY COM COM 816851109 1,696 11,487 SH   OTR 1 0 11,487 0
SOUTH JERSEY IND COM 838518108 34,675 1,053,641 SH   SOLE   1,028,029 0 25,612
SOUTH JERSEY IND COM 838518108 582 17,679 SH   OTR 1 0 17,679 0
SOUTHERN CO COM COM 842587107 66,773 1,081,000 SH   SOLE   1,081,000 0 0
SOUTHWEST GAS CORP COM COM 844895102 27,629 303,480 SH   SOLE   295,880 0 7,600
SOUTHWEST GAS CORP COM COM 844895102 1,290 14,170 SH   OTR 1 0 14,170 0
T-MOBILE US INC COM COM 872590104 10,591 134,456 SH   SOLE   134,456 0 0
TARGA RESOURCES CORP COM 87612G101 10,866 270,495 SH   SOLE   270,495 0 0
TC ENERGY COM 87807B107 22,481 434,083 SH   SOLE   428,858 0 5,225
TELUS CORP COM COM 87971M103 19,760 554,733 SH   SOLE   427,656 0 127,077
UNION PAC CORP COM COM 907818108 101,037 623,763 SH   SOLE   593,675 0 30,088
UNITI GROUP INC COM 91325V108 4,804 618,635 SH   SOLE   618,635 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 118,298 1,959,870 SH   SOLE   1,890,020 0 69,850
VISTRA ENERGY CORP. COM 92840M102 22,645 847,175 SH   SOLE   665,675 0 181,500
VISTRA ENERGY CORP. COM 92840M102 651 24,373 SH   OTR 1 0 24,373 0
WEC ENERGY GROUP INC COM COM 92939U106 85,307 897,019 SH   SOLE   897,019 0 0
WEC ENERGY GROUP INC COM COM 92939U106 694 7,300 SH   OTR 1 0 7,300 0
WELLS FARGO & CO NEW COM COM 949746101 455 9,030 SH   SOLE   0 0 9,030
WILLIAMS COS INC COM COM 969457100 30,780 1,279,290 SH   SOLE   1,279,290 0 0
XCEL ENERGY INC COM COM 98389B100 954 14,700 SH   OTR 1 0 14,700 0
BASTION ENERGY LLC (ANGLO DUTC LP 065000999 322 1,000 SH   SOLE   1,000 0 0
ENTERPRISE PRODUCTS PARTNERS L LP 293792107 58,963 2,063,100 SH   SOLE   2,043,300 0 19,800
TALARA OPPORTUNITIES II, LP LP 874111111 3,121 40,519 SH   SOLE   40,519 0 0
TELUS CORPORATION COM 87971M103 89,742 2,520,000 SH   SOLE   2,520,000 0 0
REAVES UTIL INCOME FD COM SH B CEF 756158101 4,424 120,558 SH   SOLE   14,523 0 106,035