Chief Compliance Officer

0001058800-17-000005.txt : 20170731 0001058800-17-000005.hdr.sgml : 20170731 20170731160909 ACCESSION NUMBER: 0001058800-17-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170731 DATE AS OF CHANGE: 20170731 EFFECTIVENESS DATE: 20170731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEACH INVESTMENT COUNSEL INC/PA CENTRAL INDEX KEY: 0001058800 IRS NUMBER: 232845611 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03561 FILM NUMBER: 17993069 BUSINESS ADDRESS: STREET 1: FIVE TOWER BRIDGE STREET 2: 300 BARR HARBOR DRIVE SUITE 220 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6109401111 MAIL ADDRESS: STREET 1: FIVE TOWER BRIDGE STREET 2: 300 BARR HARBOR DRIVE SUITE 220 CITY: WEST CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 primary_doc.xml 13F-HR LIVE false true true 0001058800 XXXXXXXX 06-30-2017 06-30-2017 BEACH INVESTMENT COUNSEL INC/PA

FIVE TOWER BRIDGE 300 BARR HARBOR DRIVE SUITE 220 WEST CONSHOHOCKEN PA 19428

13F HOLDINGS REPORT 028-03561 N Cheri Cecchin Chief Compliance Officer 610-940-1111 Cheri Cecchin West Conshohocken PA 07-31-2017 0 161 975061 false INFORMATION TABLE 2 June2017.XML 8point3 Energy Partners, LP COM 282539105 17700 1169875 SH SOLE 0 0 1169875 AT&T COM 00206r102 1132 30008 SH SOLE 0 0 30008 AllianceBernstein Holdings, LP COM 01881g106 582 24625 SH SOLE 0 0 24625 Boardwalk Pipeline Partners, L COM 096627104 358 19904 SH SOLE 0 0 19904 Dominion Resources COM 25746u109 226 2950 SH SOLE 0 0 2950 Enbridge Energy Mgmt. COM 29250x103 856 55523 SH SOLE 0 0 55523 Enbridge Energy Partners L.P. COM 29250R106 245 15300 SH SOLE 0 0 15300 Enbridge Inc. COM 29250n105 7804 196038 SH SOLE 0 0 196038 Energy Transfer Equity LP COM 29273V100 13079 728208 SH SOLE 0 0 728208 Energy Transfer Partners LP COM 29278n103 373 18300 SH SOLE 0 0 18300 Enterprise Prod Partners COM 293792107 52002 1920324 SH SOLE 0 0 1920324 Kinder Morgan Inc. COM 49456b101 2650 138296 SH SOLE 0 0 138296 Liberty Property Tr COM 531172104 4701 115483 SH SOLE 0 0 115483 MPLX LP COM 55336v100 1061 31762 SH SOLE 0 0 31762 Magellan Midstream Partners, L COM 559080106 54331 762331 SH SOLE 0 0 762331 NRG Yield, Inc.Class C COM 62942X405 24174 1373543 SH SOLE 0 0 1373543 Next Era Energy Partners COM 65341b106 49195 1329958 SH SOLE 0 0 1329958 NextEra Energy, Inc. COM 65339F101 22923 163583 SH SOLE 0 0 163583 Pattern Energy Group, Inc. Cla COM 70338p100 47074 1974586 SH SOLE 0 0 1974586 Pembina Pipeline Corp. COM 706327103 494 14930 SH SOLE 0 0 14930 Phillips 66 Partners LP COM 718549207 363 7340 SH SOLE 0 0 7340 Plains All American Pipeline L COM 726503105 3127 119050 SH SOLE 0 0 119050 Plains GP Holdings LP COM 72651A207 347 13273 SH SOLE 0 0 13273 Resource Capital COM 76120W708 587 57743 SH SOLE 0 0 57743 Sempra Energy COM 816851109 14110 125148 SH SOLE 0 0 125148 Spectra Energy Partners LP COM 84756n109 298 6949 SH SOLE 0 0 6949 StoneMor Partners LP COM 86183q100 457 48370 SH SOLE 0 0 48370 Sunoco LP COM 86765k109 361 11802 SH SOLE 0 0 11802 Teekay LNG Partners COM y8564m105 524 34108 SH SOLE 0 0 34108 Verizon Comm COM 92343V104 4320 96742 SH SOLE 0 0 96742 Williams Companies Inc COM 969457100 1526 50391 SH SOLE 0 0 50391 3M Company COM 88579y101 3165 15203 SH SOLE 0 0 15203 A. Schulman COM 808194104 355 11101 SH SOLE 0 0 11101 ABB Ltd. COM 000375204 344 13800 SH SOLE 0 0 13800 Abbott Laboratories COM 002824100 14708 302577 SH SOLE 0 0 302577 Accenture PLC COM g1151c101 4519 36537 SH SOLE 0 0 36537 Advance Auto Parts COM 00751Y106 1322 11338 SH SOLE 0 0 11338 Air Products COM 009158106 238 1661 SH SOLE 0 0 1661 Allergan Inc. COM G0177J108 22655 93195 SH SOLE 0 0 93195 Alphabet, Inc. Cl A COM 02079k305 23705 25498 SH SOLE 0 0 25498 Alphabet, Inc. Cl C COM 02079k107 268 295 SH SOLE 0 0 295 Amazon.com Inc. COM 023135106 21330 22035 SH SOLE 0 0 22035 American Airlines Group COM 02376r102 8845 175777 SH SOLE 0 0 175777 American Express COM 025816109 678 8054 SH SOLE 0 0 8054 American Intl. Group COM 026874784 2770 44306 SH SOLE 0 0 44306 Anheuser-Busch InBev SA/NV COM 03524A108 9481 85911 SH SOLE 0 0 85911 Anheuser-Busch Inbev ADR COM 03524A108 651 5900 SH SOLE 0 0 5900 Apple Computer COM 037833100 25651 178109 SH SOLE 0 0 178109 Associated Capital Group COM 045528106 404 11888 SH SOLE 0 0 11888 Automatic Data Processing COM 053015103 2271 22160 SH SOLE 0 0 22160 Bancorp Inc COM 05969a105 1175 155020 SH SOLE 0 0 155020 Bank of America COM 060505104 21371 880908 SH SOLE 0 0 880908 Becton Dickinson COM 075887109 2218 11368 SH SOLE 0 0 11368 Blackstone Group COM 09253U108 14290 428476 SH SOLE 0 0 428476 Boeing Company COM 097023105 429 2169 SH SOLE 0 0 2169 Brkshire Hathaway A COM 084670108 764 3 SH SOLE 0 0 3 Brkshire Hathaway B COM 084670702 3711 21909 SH SOLE 0 0 21909 CVS Health Corp COM 126650100 2224 27638 SH SOLE 0 0 27638 Cadence Design COM 127387108 309 9224 SH SOLE 0 0 9224 Caterpillar COM 149123101 231 2150 SH SOLE 0 0 2150 Celgne Corp COM 151020104 16388 126188 SH SOLE 0 0 126188 Charles Schwab COM 808513105 250 5825 SH SOLE 0 0 5825 Chevron COM 166764100 2588 24803 SH SOLE 0 0 24803 Chubb Ltd. COM H1467J104 574 3946 SH SOLE 0 0 3946 Cisco Systems COM 17275R102 1030 32909 SH SOLE 0 0 32909 Citigroup COM 172967424 23382 349614 SH SOLE 0 0 349614 Coca Cola Co. COM 191216100 736 16416 SH SOLE 0 0 16416 Colgate Palmolive COM 194162103 3954 53336 SH SOLE 0 0 53336 Comcast Cl A COM 20030N101 371 9524 SH SOLE 0 0 9524 ConocoPhillips COM 20825C104 2035 46291 SH SOLE 0 0 46291 Corning COM 219350105 261 8700 SH SOLE 0 0 8700 Costco Wholesale COM 22160K105 3569 22317 SH SOLE 0 0 22317 DST Systems COM 233326107 1190 19290 SH SOLE 0 0 19290 Danaher Corp COM 235851102 4511 53460 SH SOLE 0 0 53460 Deere & Co. COM 244199105 416 3366 SH SOLE 0 0 3366 Delta Airlines COM 247361702 18934 352330 SH SOLE 0 0 352330 Dentsply Sirona COM 24906P109 3057 47140 SH SOLE 0 0 47140 Diageo PLC Spon ADR COM 25243q205 210 1753 SH SOLE 0 0 1753 Diebold COM 253651103 555 19823 SH SOLE 0 0 19823 Discovery Comm C COM 25470f302 832 33011 SH SOLE 0 0 33011 Discovery Holding A COM 25470f104 254 9831 SH SOLE 0 0 9831 Dow Chemical COM 260543103 13988 221781 SH SOLE 0 0 221781 Eli Lilly COM 532457108 400 4860 SH SOLE 0 0 4860 Emerson Electric Co. COM 291011104 771 12938 SH SOLE 0 0 12938 Estee Lauder COM 518439104 701 7300 SH SOLE 0 0 7300 Exxon Mobil COM 30231G102 2867 35515 SH SOLE 0 0 35515 Facebook COM 30303M102 18364 121630 SH SOLE 0 0 121630 Fedex COM 31428x106 11976 55103 SH SOLE 0 0 55103 Ferro Corp COM 315405100 344 18834 SH SOLE 0 0 18834 Fomento Economico Mexicano SA COM 344419106 3847 39120 SH SOLE 0 0 39120 Gamco Investors A COM 361438104 352 11888 SH SOLE 0 0 11888 General Electric COM 369604103 5487 203132 SH SOLE 0 0 203132 Genuine Parts COM 372460105 1079 11627 SH SOLE 0 0 11627 Henry Schein COM 806407102 2625 14345 SH SOLE 0 0 14345 Home Depot COM 437076102 10510 68511 SH SOLE 0 0 68511 IBM COM 459200101 1188 7723 SH SOLE 0 0 7723 Illinois Tool Works COM 452308109 1073 7489 SH SOLE 0 0 7489 Intel Corp. COM 458140100 371 11004 SH SOLE 0 0 11004 Invesco COM G491BT108 1390 39496 SH SOLE 0 0 39496 J.M. Smucker COM 832696405 730 6170 SH SOLE 0 0 6170 J.P. Morgan Chase COM 46625h100 51108 559171 SH SOLE 0 0 559171 JPMorgan China Region Fund COM 48126T104 707 35209 SH SOLE 0 0 35209 Johnson & Johnson COM 478160104 37921 286648 SH SOLE 0 0 286648 KKR & Co. LP COM 48248M102 8720 468792 SH SOLE 0 0 468792 Key Corp. COM 493267108 241 12871 SH SOLE 0 0 12871 Kimberly Clark COM 494368103 2440 18900 SH SOLE 0 0 18900 LKQ Corporation COM 501889208 748 22700 SH SOLE 0 0 22700 Liberty Sirius Group C COM 531229607 306 7348 SH SOLE 0 0 7348 McDonald's Corp. COM 580135101 296 1935 SH SOLE 0 0 1935 Medtronic COM G5960L103 3534 39819 SH SOLE 0 0 39819 Merck COM 58933y105 5135 80128 SH SOLE 0 0 80128 MetLife COM 59156R108 1471 26780 SH SOLE 0 0 26780 Microsoft COM 594918104 19268 279537 SH SOLE 0 0 279537 Mondelez International Inc. COM 609207105 441 10200 SH SOLE 0 0 10200 Mosaic Co. COM 61945c103 228 10000 SH SOLE 0 0 10000 Nestle Spons ADR COM 641069406 25760 295414 SH SOLE 0 0 295414 Nestle Spons ADR COM 641069406 12 135 SH SOLE 0 0 135 Noble Energy COM 655044105 1453 51330 SH SOLE 0 0 51330 Northrup Grumman COM 666807102 257 1000 SH SOLE 0 0 1000 Northway Financial COM 667270201 248 8952 SH SOLE 0 0 8952 Novartis COM 66987V109 5592 66993 SH SOLE 0 0 66993 Oracle COM 68389X105 336 6700 SH SOLE 0 0 6700 Pepsico COM 713448108 12981 112400 SH SOLE 0 0 112400 Pfizer COM 717081103 5214 155230 SH SOLE 0 0 155230 Phillips 66 COM 718546104 1693 20480 SH SOLE 0 0 20480 Praxair COM 74005P104 5491 41426 SH SOLE 0 0 41426 Procter & Gamble COM 742718109 6942 79654 SH SOLE 0 0 79654 Roche Holding AG COM 771195104 3709 116622 SH SOLE 0 0 116622 Royal Dutch Shell COM 780259206 1362 25612 SH SOLE 0 0 25612 S&P Global Inc. COM 78409V104 234 1600 SH SOLE 0 0 1600 SPDR Index Shs S&P China COM 78463X400 661 7400 SH SOLE 0 0 7400 SPDR Midcap Index COM 78467y107 226 710 SH SOLE 0 0 710 SPDR S&P 500 ETF COM 78462f103 3460 14310 SH SOLE 0 0 14310 Sherwin Williams Co. COM 824348106 2253 6420 SH SOLE 0 0 6420 Southwest Airlines COM 844741108 17831 286941 SH SOLE 0 0 286941 State Street Corp COM 857477103 598 6664 SH SOLE 0 0 6664 Stryker Corp COM 863667101 1924 13862 SH SOLE 0 0 13862 Sysco COM 871829107 2198 43662 SH SOLE 0 0 43662 Thermo Fisher Scientific COM 883556102 12503 71661 SH SOLE 0 0 71661 Thomson Reuters Corp. COM 884903105 203 4379 SH SOLE 0 0 4379 Tiffany & Co. COM 886547108 795 8469 SH SOLE 0 0 8469 Time Warner Inc. COM 887317303 3859 38433 SH SOLE 0 0 38433 Twenty-First Century Fox COM 90130A101 479 16897 SH SOLE 0 0 16897 UBS Group AG COM H42097107 728 42850 SH SOLE 0 0 42850 Unilever NV NY COM 904784709 5211 94285 SH SOLE 0 0 94285 Union Pacific COM 907818108 10118 92900 SH SOLE 0 0 92900 United Continental Holdings, I COM 910047109 227 3020 SH SOLE 0 0 3020 United Technologies COM 913017109 434 3558 SH SOLE 0 0 3558 UnitedHealth Group COM 91324P102 556 3000 SH SOLE 0 0 3000 Univest Corporation COM 915271100 233 7786 SH SOLE 0 0 7786 Viacom Class B COM 92553p201 272 8116 SH SOLE 0 0 8116 Visa COM 92826c839 13513 144089 SH SOLE 0 0 144089 W. W. Grainger COM 384802104 266 1473 SH SOLE 0 0 1473 WPP Plc American Depository Sh COM 92937A102 2620 24855 SH SOLE 0 0 24855 Walt Disney COM 254687106 5587 52587 SH SOLE 0 0 52587 Wells Fargo COM 949746101 1010 18227 SH SOLE 0 0 18227 William Lyon Home COM 552074700 1339 55487 SH SOLE 0 0 55487 WisdomTree Germany Hedged Equi COM 97717w448 877 29050 SH SOLE 0 0 29050 iShares Russell 1000 Growth In COM 464287614 286 2400 SH SOLE 0 0 2400 iShares Russell 2000 Value COM 464287630 247 2080 SH SOLE 0 0 2080 iShares US Technology COM 464287721 475 3400 SH SOLE 0 0 3400