Chief Compliance Officer

0001058800-17-000006.txt : 20171027 0001058800-17-000006.hdr.sgml : 20171027 20171027114051 ACCESSION NUMBER: 0001058800-17-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171027 DATE AS OF CHANGE: 20171027 EFFECTIVENESS DATE: 20171027 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: 171158461 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 09-30-2017 09-30-2017 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 10-27-2017 0 162 950988 false INFORMATION TABLE 2 inftable.XML 8point3 Energy Partners, LP COM 282539105 10383 690808 SH SOLE 0 0 690808 AT&T COM 00206r102 1175 30008 SH SOLE 0 0 30008 AllianceBernstein Holdings, LP COM 01881g106 501 20625 SH SOLE 0 0 20625 Enbridge Energy Mgmt. COM 29250x103 878 56778 SH SOLE 0 0 56778 Enbridge Energy Partners L.P. COM 29250R106 244 15300 SH SOLE 0 0 15300 Enbridge Inc. COM 29250n105 3356 80222 SH SOLE 0 0 80222 Energy Transfer Equity LP COM 29273V100 12647 727678 SH SOLE 0 0 727678 Energy Transfer Partners LP COM 29278n103 682 37270 SH SOLE 0 0 37270 Enterprise Prod Partners COM 293792107 55062 2112099 SH SOLE 0 0 2112099 HCP, Inc. COM 40414l109 1997 71750 SH SOLE 0 0 71750 Kinder Morgan Inc. COM 49456b101 2651 138206 SH SOLE 0 0 138206 Liberty Property Tr COM 531172104 4742 115483 SH SOLE 0 0 115483 MPLX LP COM 55336v100 1111 31730 SH SOLE 0 0 31730 Magellan Midstream Partners, L COM 559080106 53617 754531 SH SOLE 0 0 754531 NRG Yield, Inc.Class C COM 62942X405 26434 1369618 SH SOLE 0 0 1369618 NextEra Energy Partners COM 65341b106 53641 1331380 SH SOLE 0 0 1331380 NextEra Energy, Inc. COM 65339F101 23989 163693 SH SOLE 0 0 163693 Pattern Energy Group, Inc. Cla COM 70338p100 47420 1967642 SH SOLE 0 0 1967642 Pembina Pipeline Corp. COM 706327103 524 14930 SH SOLE 0 0 14930 Phillips 66 Partners LP COM 718549207 386 7340 SH SOLE 0 0 7340 Plains All American Pipeline L COM 726503105 2357 111250 SH SOLE 0 0 111250 Resource Capital COM 76120W708 622 57743 SH SOLE 0 0 57743 Sempra Energy COM 816851109 14223 124618 SH SOLE 0 0 124618 Spectra Energy Partners LP COM 84756n109 284 6397 SH SOLE 0 0 6397 Sunoco LP COM 86765k109 367 11802 SH SOLE 0 0 11802 Teekay LNG Partners COM y8564m105 607 34108 SH SOLE 0 0 34108 Verizon Comm COM 92343V104 4788 96742 SH SOLE 0 0 96742 Williams Companies Inc COM 969457100 1475 49136 SH SOLE 0 0 49136 3M Company COM 88579y101 3191 15203 SH SOLE 0 0 15203 A. Schulman COM 808194104 1710 50074 SH SOLE 0 0 50074 ABB Ltd. COM 000375204 342 13800 SH SOLE 0 0 13800 Abbott Laboratories COM 002824100 16087 301472 SH SOLE 0 0 301472 Accenture PLC COM g1151c101 4907 36327 SH SOLE 0 0 36327 Advance Auto Parts COM 00751Y106 1125 11338 SH SOLE 0 0 11338 Air Products COM 009158106 251 1661 SH SOLE 0 0 1661 Allergan Inc. COM G0177J108 9784 47740 SH SOLE 0 0 47740 Alphabet, Inc. Cl A COM 02079k305 18904 19414 SH SOLE 0 0 19414 Alphabet, Inc. Cl C COM 02079k107 283 295 SH SOLE 0 0 295 Amazon.com Inc. COM 023135106 17207 17899 SH SOLE 0 0 17899 American Airlines Group COM 02376r102 4778 100617 SH SOLE 0 0 100617 American Express COM 025816109 729 8054 SH SOLE 0 0 8054 American Intl. Group COM 026874784 2720 44306 SH SOLE 0 0 44306 Anheuser-Busch InBev SA/NV COM 03524A108 10130 84911 SH SOLE 0 0 84911 Anheuser-Busch Inbev ADR COM 03524A108 704 5900 SH SOLE 0 0 5900 Apple Computer COM 037833100 23650 153449 SH SOLE 0 0 153449 Associated Capital Group COM 045528106 424 11888 SH SOLE 0 0 11888 Automatic Data Processing COM 053015103 2423 22160 SH SOLE 0 0 22160 Bancorp Inc COM 05969a105 1282 155020 SH SOLE 0 0 155020 Bank of America COM 060505104 17440 688228 SH SOLE 0 0 688228 Becton Dickinson COM 075887109 2228 11368 SH SOLE 0 0 11368 Blackstone Group COM 09253U108 14264 427451 SH SOLE 0 0 427451 Boeing Company COM 097023105 551 2169 SH SOLE 0 0 2169 Brkshire Hathaway A COM 084670108 824 3 SH SOLE 0 0 3 Brkshire Hathaway B COM 084670702 4016 21909 SH SOLE 0 0 21909 CVS Health Corp COM 126650100 2248 27638 SH SOLE 0 0 27638 Cadence Design COM 127387108 364 9224 SH SOLE 0 0 9224 Carnival Corporation COM 143658300 4891 75750 SH SOLE 0 0 75750 Caterpillar COM 149123101 268 2150 SH SOLE 0 0 2150 Celgne Corp COM 151020104 18188 124728 SH SOLE 0 0 124728 Charles Schwab COM 808513105 255 5825 SH SOLE 0 0 5825 Chevron COM 166764100 2914 24803 SH SOLE 0 0 24803 Chubb Ltd. COM H1467J104 563 3946 SH SOLE 0 0 3946 Cisco Systems COM 17275R102 1107 32909 SH SOLE 0 0 32909 Citigroup COM 172967424 26339 362104 SH SOLE 0 0 362104 Coca Cola Co. COM 191216100 739 16416 SH SOLE 0 0 16416 Colgate Palmolive COM 194162103 3886 53336 SH SOLE 0 0 53336 Comcast Cl A COM 20030N101 366 9524 SH SOLE 0 0 9524 ConocoPhillips COM 20825C104 2317 46291 SH SOLE 0 0 46291 Corning COM 219350105 260 8700 SH SOLE 0 0 8700 Costco Wholesale COM 22160K105 3666 22317 SH SOLE 0 0 22317 DST Systems COM 233326107 1059 19290 SH SOLE 0 0 19290 Deere & Co. COM 244199105 423 3366 SH SOLE 0 0 3366 Delta Airlines COM 247361702 14963 310300 SH SOLE 0 0 310300 Dentsply Sirona COM 24906P109 2819 47140 SH SOLE 0 0 47140 Diageo PLC Spon ADR COM 25243q205 232 1753 SH SOLE 0 0 1753 Discovery Comm C COM 25470f302 669 33011 SH SOLE 0 0 33011 Discovery Holding A COM 25470f104 209 9831 SH SOLE 0 0 9831 DowDuPont COM 26078j100 18785 271335 SH SOLE 0 0 271335 Eli Lilly COM 532457108 416 4860 SH SOLE 0 0 4860 Emerson Electric Co. COM 291011104 813 12938 SH SOLE 0 0 12938 Estee Lauder COM 518439104 787 7300 SH SOLE 0 0 7300 Exxon Mobil COM 30231G102 2912 35515 SH SOLE 0 0 35515 Facebook COM 30303M102 19043 111445 SH SOLE 0 0 111445 Facebook COM 30303M102 58 340 SH SOLE 0 0 340 Fedex COM 31428x106 17091 75763 SH SOLE 0 0 75763 Ferro Corp COM 315405100 221 9897 SH SOLE 0 0 9897 Fomento Economico Mexicano SA COM 344419106 3737 39120 SH SOLE 0 0 39120 Gamco Investors A COM 361438104 354 11888 SH SOLE 0 0 11888 Generac Holdings, Inc. COM 368736104 305 6647 SH SOLE 0 0 6647 General Electric COM 369604103 4912 203132 SH SOLE 0 0 203132 Genuine Parts COM 372460105 1112 11627 SH SOLE 0 0 11627 Glencore PC ADR COM 37827X100 10988 1202170 SH SOLE 0 0 1202170 Henry Schein COM 806407102 2348 28640 SH SOLE 0 0 28640 Home Depot COM 437076102 11125 68016 SH SOLE 0 0 68016 IBM COM 459200101 1120 7723 SH SOLE 0 0 7723 Illinois Tool Works COM 452308109 1108 7489 SH SOLE 0 0 7489 Intel Corp. COM 458140100 419 11004 SH SOLE 0 0 11004 International Paper COM 460146103 13651 240250 SH SOLE 0 0 240250 Invesco COM G491BT108 1384 39496 SH SOLE 0 0 39496 J.P. Morgan Chase COM 46625h100 48198 504641 SH SOLE 0 0 504641 JPM China Region Fund Escrow COM 481ESC200 0 35209 SH SOLE 0 0 35209 Johnson & Johnson COM 478160104 37175 285938 SH SOLE 0 0 285938 KKR & Co. LP COM 48248M102 9512 467892 SH SOLE 0 0 467892 Key Corp. COM 493267108 242 12871 SH SOLE 0 0 12871 Kimberly Clark COM 494368103 2224 18900 SH SOLE 0 0 18900 LKQ Corporation COM 501889208 781 21700 SH SOLE 0 0 21700 Liberty Sirius Group C COM 531229607 308 7348 SH SOLE 0 0 7348 McDonald's Corp. COM 580135101 303 1935 SH SOLE 0 0 1935 Medtronic COM G5960L103 3097 39819 SH SOLE 0 0 39819 Merck COM 58933y105 5131 80128 SH SOLE 0 0 80128 Mesabi Trust COM 590672101 413 17940 SH SOLE 0 0 17940 MetLife COM 59156R108 1391 26780 SH SOLE 0 0 26780 Microsoft COM 594918104 18642 250261 SH SOLE 0 0 250261 Mondelez International Inc. COM 609207105 415 10200 SH SOLE 0 0 10200 Morgan Stanley COM 617446448 8793 182540 SH SOLE 0 0 182540 Nestle Spons ADR COM 641069406 10271 122254 SH SOLE 0 0 122254 Nestle Spons ADR COM 641069406 11 135 SH SOLE 0 0 135 Noble Energy COM 655044105 1456 51330 SH SOLE 0 0 51330 Northrup Grumman COM 666807102 288 1000 SH SOLE 0 0 1000 Northway Financial COM 667270201 261 8952 SH SOLE 0 0 8952 Novartis COM 66987V109 5751 66993 SH SOLE 0 0 66993 Oracle COM 68389X105 324 6700 SH SOLE 0 0 6700 Pepsico COM 713448108 12491 112100 SH SOLE 0 0 112100 Pfizer COM 717081103 5542 155230 SH SOLE 0 0 155230 Phillips 66 COM 718546104 1876 20480 SH SOLE 0 0 20480 Praxair COM 74005P104 5789 41426 SH SOLE 0 0 41426 Procter & Gamble COM 742718109 7192 79054 SH SOLE 0 0 79054 Roche Holding AG COM 771195104 3713 116028 SH SOLE 0 0 116028 Royal Caribbean Cruise Ltd. COM v7780t103 5357 45190 SH SOLE 0 0 45190 Royal Dutch Shell COM 780259206 1552 25612 SH SOLE 0 0 25612 S&P Global Inc. COM 78409V104 250 1600 SH SOLE 0 0 1600 SPDR Index Shs S&P China COM 78463X400 759 7400 SH SOLE 0 0 7400 SPDR Midcap Index COM 78467y107 232 710 SH SOLE 0 0 710 SPDR S&P 500 ETF COM 78462f103 3595 14310 SH SOLE 0 0 14310 Sherwin Williams Co. COM 824348106 2247 6275 SH SOLE 0 0 6275 Southwest Airlines COM 844741108 9043 161541 SH SOLE 0 0 161541 State Street Corp COM 857477103 637 6664 SH SOLE 0 0 6664 Stryker Corp COM 863667101 1969 13862 SH SOLE 0 0 13862 Sysco COM 871829107 2356 43662 SH SOLE 0 0 43662 Thermo Fisher Scientific COM 883556102 5450 28807 SH SOLE 0 0 28807 Thomson Reuters Corp. COM 884903105 201 4379 SH SOLE 0 0 4379 Tiffany & Co. COM 886547108 777 8469 SH SOLE 0 0 8469 Time Warner Inc. COM 887317303 3937 38433 SH SOLE 0 0 38433 Twenty-First Century Fox COM 90130A101 446 16897 SH SOLE 0 0 16897 UBS Group AG COM H42097107 735 42850 SH SOLE 0 0 42850 Unilever NV NY COM 904784709 5567 94285 SH SOLE 0 0 94285 Union Pacific COM 907818108 1700 14656 SH SOLE 0 0 14656 United Technologies COM 913017109 413 3558 SH SOLE 0 0 3558 UnitedHealth Group COM 91324P102 588 3000 SH SOLE 0 0 3000 Univest Corporation COM 915271100 207 6461 SH SOLE 0 0 6461 Viacom Class B COM 92553p201 226 8116 SH SOLE 0 0 8116 Visa COM 92826c839 15122 143689 SH SOLE 0 0 143689 W. W. Grainger COM 384802104 265 1473 SH SOLE 0 0 1473 WPP Plc American Depository Sh COM 92937A102 2307 24855 SH SOLE 0 0 24855 Walt Disney COM 254687106 1302 13204 SH SOLE 0 0 13204 Wells Fargo COM 949746101 1005 18227 SH SOLE 0 0 18227 Whirlpool Corp. COM 963320106 350 1900 SH SOLE 0 0 1900 William Lyon Home COM 552074700 1276 55487 SH SOLE 0 0 55487 WisdomTree Germany Hedged Equi COM 97717w448 916 29050 SH SOLE 0 0 29050 iShares Russell 1000 Growth In COM 464287614 300 2400 SH SOLE 0 0 2400 iShares Russell 2000 Value COM 464287630 258 2080 SH SOLE 0 0 2080 iShares US Technology COM 464287721 510 3400 SH SOLE 0 0 3400