Chief Compliance Officer

0001058800-21-000003.txt : 20210507 0001058800-21-000003.hdr.sgml : 20210507 20210507121754 ACCESSION NUMBER: 0001058800-21-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210507 DATE AS OF CHANGE: 20210507 EFFECTIVENESS DATE: 20210507 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: 21901299 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 false 0001058800 XXXXXXXX 03-31-2021 03-31-2021 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 BonVardo Chief Compliance Officer 610-940-1111 Cheri BonVardo West Conshohocken PA 05-07-2021 0 175 1133323 false INFORMATION TABLE 2 inftable.XML 13F MARCH 31, 2021 AT&T COM 00206r102 2324 76775 SH SOLE 0 0 76775 AllianceBernstein Holdings, LP COM 01881g106 767 19190 SH SOLE 0 0 19190 Ameren Corp COM 023608102 14017 172288 SH SOLE 0 0 170586 Brookfield Renewable Partners COM G16258108 275 6450 SH SOLE 0 0 6450 CatchMark Timber Trust COM 14912y202 178 17500 SH SOLE 0 0 17500 Costamare Inc. COM y1771g102 1988 206612 SH SOLE 0 0 206612 DTE Energy COM 233331107 8782 65960 SH SOLE 0 0 64190 Deutsche Telekom AG ADR COM 251566105 655 32370 SH SOLE 0 0 32370 Dominion Resources COM 25746u109 14480 190630 SH SOLE 0 0 185300 E.ON SE ADR COM 268780103 954 81450 SH SOLE 0 0 81450 Enbridge Inc. COM 29250n105 201 5529 SH SOLE 0 0 5529 Enel S.p.A. ADR COM 29265w207 422 42650 SH SOLE 0 0 42650 Energy Transfer LP COM 29273V100 958 124722 SH SOLE 0 0 124722 Enterprise Prod Partners COM 293792107 61796 2806350 SH SOLE 0 0 2735214 Enviva Partners LP COM 29414j107 5293 109524 SH SOLE 0 0 109524 Healthpeak Properties COM 42250P103 5597 176345 SH SOLE 0 0 176345 Iberdrola SA ADR COM 450737101 1336 25830 SH SOLE 0 0 25830 Kennedy-Wilson Holdings Inc. COM 489398107 16135 798368 SH SOLE 0 0 784116 Kinder Morgan Inc. COM 49456b101 1183 71051 SH SOLE 0 0 71051 MPLX LP COM 55336v100 20980 818554 SH SOLE 0 0 818554 Magellan Midstream Partners, L COM 559080106 27455 633183 SH SOLE 0 0 633183 National Grid COM 636274409 4487 75735 SH SOLE 0 0 75735 NextEra Energy Partners COM 65341b106 112530 1544048 SH SOLE 0 0 1544048 NextEra Energy, Inc. COM 65339F101 31390 415163 SH SOLE 0 0 409787 ProLogis Tr SBI COM 74340W103 1317 12425 SH SOLE 0 0 12425 STAG Industrial COM 85254j102 260 7725 SH SOLE 0 0 7725 Teekay LNG Partners COM y8564m105 33205 2307516 SH SOLE 0 0 2247516 Verizon Comm COM 92343V104 5265 90542 SH SOLE 0 0 90542 Weyerhaeuser COM 962166104 10416 292589 SH SOLE 0 0 292589 Williams Companies Inc COM 969457100 946 39948 SH SOLE 0 0 39948 XCEL Energy Inc. COM 98389B100 16103 242110 SH SOLE 0 0 235518 3M Company COM 88579y101 2529 13127 SH SOLE 0 0 13127 ABB Ltd. COM 000375204 229 7500 SH SOLE 0 0 7500 Abbott Laboratories COM 002824100 11150 93038 SH SOLE 0 0 88726 Air Products COM 009158106 404 1436 SH SOLE 0 0 1436 Alphabet, Inc. Cl A COM 02079k305 18134 8792 SH SOLE 0 0 8626 Alphabet, Inc. Cl C COM 02079k107 2908 1406 SH SOLE 0 0 1406 Amazon.com Inc. COM 023135106 13694 4426 SH SOLE 0 0 4354 American Express COM 025816109 1094 7733 SH SOLE 0 0 7733 American Intl. Group COM 026874784 552 11948 SH SOLE 0 0 11948 Anheuser-Busch InBev SA/NV COM 03524A108 4733 74920 SH SOLE 0 0 74920 Anheuser-Busch Inbev ADR COM 03524A108 321 5100 SH SOLE 0 0 5100 Apple Computer COM 037833100 21482 175862 SH SOLE 0 0 175862 Automatic Data Processing COM 053015103 3632 19272 SH SOLE 0 0 19272 Bank of America COM 060505104 28016 724121 SH SOLE 0 0 713683 Becton Dickinson COM 075887109 1918 7888 SH SOLE 0 0 7888 Berkshire Hathaway A COM 084670108 1157 3 SH SOLE 0 0 3 Berkshire Hathaway B COM 084670702 8000 31315 SH SOLE 0 0 31003 Blackstone Group Inc. COM 09260D107 4381 58775 SH SOLE 0 0 58775 Boeing Company COM 097023105 456 1789 SH SOLE 0 0 1789 Boswell J G Co. COM 101205102 428 600 SH SOLE 0 0 600 Brookfield Infrastructure Clas COM 11275Q107 1035 13550 SH SOLE 0 0 13550 Brookfield Infrastructure Part COM G16252101 6589 123730 SH SOLE 0 0 123730 CSX Corp. COM 126408103 12897 133760 SH SOLE 0 0 129768 CVS Health Corp COM 126650100 3691 49063 SH SOLE 0 0 49063 Cadence Design COM 127387108 1264 9224 SH SOLE 0 0 9224 Caterpillar COM 149123101 460 1983 SH SOLE 0 0 1983 Century Communities, Inc. COM 156504300 4539 75245 SH SOLE 0 0 75245 Charles Schwab COM 808513105 374 5740 SH SOLE 0 0 5740 Charter Communications, Inc. COM 16119P108 8520 13808 SH SOLE 0 0 13796 Chevron COM 166764100 1247 11899 SH SOLE 0 0 11899 Chubb Ltd. COM H1467J104 22100 139897 SH SOLE 0 0 136537 Cisco Systems COM 17275R102 2764 53459 SH SOLE 0 0 53459 Citigroup COM 172967424 4416 60695 SH SOLE 0 0 57821 Coca Cola Co. COM 191216100 12051 228636 SH SOLE 0 0 224982 Colgate Palmolive COM 194162103 1084 13750 SH SOLE 0 0 13750 Comcast Cl A COM 20030N101 515 9524 SH SOLE 0 0 9524 Corning COM 219350105 335 7700 SH SOLE 0 0 7700 Costco Wholesale COM 22160K105 3801 10783 SH SOLE 0 0 10783 Crown Castle Intl. COM 22822V101 638 3705 SH SOLE 0 0 3705 Crown Holdings Inc . COM 228368106 8850 91200 SH SOLE 0 0 88614 D. R. Horton COM 23331A109 15234 170939 SH SOLE 0 0 166237 Deere & Co. COM 244199105 1163 3108 SH SOLE 0 0 3108 Dentsply Sirona COM 24906P109 2747 43050 SH SOLE 0 0 43050 Deutsche Post AG ADR COM 25157y202 573 10450 SH SOLE 0 0 10450 Discovery Inc. A COM 25470f104 381 8757 SH SOLE 0 0 8757 Discovery Inc. C COM 25470f302 2426 65769 SH SOLE 0 0 65769 Eli Lilly COM 532457108 791 4235 SH SOLE 0 0 4235 Emerson Electric Co. COM 291011104 9365 103807 SH SOLE 0 0 101331 Estee Lauder COM 518439104 1400 4815 SH SOLE 0 0 4815 Exxon Mobil COM 30231G102 673 12055 SH SOLE 0 0 12055 Facebook COM 30303M102 1881 6385 SH SOLE 0 0 6385 Fedex COM 31428x106 11669 41083 SH SOLE 0 0 40179 Flushing Financial COM 343873105 3267 153900 SH SOLE 0 0 153900 Fomento Economico Mexicano SA COM 344419106 1307 17350 SH SOLE 0 0 17350 Freeport McMoran Inc. COM 35671D857 30550 927716 SH SOLE 0 0 898972 General Electric COM 369604103 474 36134 SH SOLE 0 0 36134 General Motors COM 37045v100 402 7000 SH SOLE 0 0 7000 Genuine Parts COM 372460105 714 6177 SH SOLE 0 0 6177 Home Depot COM 437076102 237 775 SH SOLE 0 0 775 Howard Hughes Corp. COM 44267D107 39886 419278 SH SOLE 0 0 419278 IBM COM 459200101 657 4928 SH SOLE 0 0 4928 Illinois Tool Works COM 452308109 518 2339 SH SOLE 0 0 2339 Intel Corp. COM 458140100 704 11004 SH SOLE 0 0 11004 J.P. Morgan Chase COM 46625h100 30976 203481 SH SOLE 0 0 199733 Johnson & Johnson COM 478160104 26308 160075 SH SOLE 0 0 157151 KKR & Co. Inc. COM 48251W104 4030 82500 SH SOLE 0 0 82500 Kimberly Clark COM 494368103 2141 15395 SH SOLE 0 0 15395 Leidos Holdings Inc. COM 525327102 400 4150 SH SOLE 0 0 4150 Lennar Corporation Cl A COM 526057104 17416 172041 SH SOLE 0 0 168381 Liberty Broadband C COM 530307305 246 1640 SH SOLE 0 0 1640 Liberty SiriusXM Series C COM 531229607 330 7481 SH SOLE 0 0 7481 Linde PLC COM G5494J103 630 2250 SH SOLE 0 0 2250 McDonald's Corp. COM 580135101 366 1635 SH SOLE 0 0 1635 Medtronic COM G5960L103 15687 132793 SH SOLE 0 0 130319 Merck COM 58933y105 5434 70494 SH SOLE 0 0 70494 MetLife COM 59156R108 477 7850 SH SOLE 0 0 7850 Microsoft COM 594918104 13745 58300 SH SOLE 0 0 56564 Mondelez International Inc. COM 609207105 13391 228793 SH SOLE 0 0 225613 NRG Energy COM 629377508 8914 236264 SH SOLE 0 0 229450 National Fuel Gas Co. COM 636180101 5542 110858 SH SOLE 0 0 110858 Nestle Spons ADR COM 641069406 21010 188410 SH SOLE 0 0 185706 Northrup Grumman COM 666807102 324 1000 SH SOLE 0 0 1000 Northway Financial COM 667270201 245 8377 SH SOLE 0 0 8377 Novartis COM 66987V109 5154 60292 SH SOLE 0 0 60292 Oracle COM 68389X105 470 6700 SH SOLE 0 0 6700 PNC Bank Corp. COM 693475105 16059 91552 SH SOLE 0 0 88692 Pepsico COM 713448108 4697 33205 SH SOLE 0 0 33205 Pfizer COM 717081103 4925 135935 SH SOLE 0 0 135935 Phillips 66 COM 718546104 209 2560 SH SOLE 0 0 2560 Pioneer Natural Resources COM 723787107 8579 54018 SH SOLE 0 0 52374 Procter & Gamble COM 742718109 7928 58537 SH SOLE 0 0 58537 Prudential Financial Inc COM 744320102 200 2200 SH SOLE 0 0 2200 Pulte Homes Inc. COM 745867101 15546 296450 SH SOLE 0 0 286220 Qualcomm COM 747525103 12617 95160 SH SOLE 0 0 91862 Raytheon Technologies COM 75513E101 5230 67684 SH SOLE 0 0 67684 Roche Holding AG COM 771195104 4506 111100 SH SOLE 0 0 111100 Royal Dutch Shell COM 780259206 200 5107 SH SOLE 0 0 5107 S&P Global Inc. COM 78409V104 565 1600 SH SOLE 0 0 1600 SPDR Index Shs S&P China COM 78463X400 275 2100 SH SOLE 0 0 2100 SPDR S&P 500 ETF COM 78462F103 5533 13960 SH SOLE 0 0 13960 SPDR S&P Midcap 400 EFT COM 78467y107 338 710 SH SOLE 0 0 710 SVB Financial Group COM 78486Q101 4166 8440 SH SOLE 0 0 8440 Sherwin Williams Co. COM 824348106 2546 3450 SH SOLE 0 0 3450 Siemens AG ADR COM 826197501 1475 17920 SH SOLE 0 0 17920 State Street Corp COM 857477103 530 6314 SH SOLE 0 0 6314 Stryker Corp COM 863667101 6051 24843 SH SOLE 0 0 24843 Swiss Re ADR COM 870886108 760 30765 SH SOLE 0 0 30765 Sysco COM 871829107 2900 36834 SH SOLE 0 0 36834 T-Mobile US, Inc. COM 872590104 9132 72886 SH SOLE 0 0 72562 Tencent Holdings Ltd. ADR COM 88032Q109 528 6620 SH SOLE 0 0 6620 Tesla, Inc. COM 88160r101 578 865 SH SOLE 0 0 865 Thermo Fisher Scientific COM 883556102 7760 17004 SH SOLE 0 0 17004 Thomson Reuters Corp. COM 884903709 294 3354 SH SOLE 0 0 3354 Truist Financial Corporation COM 89832q109 17481 299744 SH SOLE 0 0 291872 UBS Group AG COM H42097107 274 17650 SH SOLE 0 0 17650 Unilever PLC COM 904767704 4741 84915 SH SOLE 0 0 84915 Union Pacific COM 907818108 3011 13660 SH SOLE 0 0 13660 UnitedHealth Group COM 91324P102 26408 70977 SH SOLE 0 0 69037 Veolia Environnement ADR COM 92334N103 1640 63760 SH SOLE 0 0 63760 Viatris COM 92556v106 217 15548 SH SOLE 0 0 15548 Visa COM 92826c839 6989 33011 SH SOLE 0 0 31811 Vistra Energy Corp COM 92840m102 5534 313015 SH SOLE 0 0 301309 W. W. Grainger COM 384802104 415 1034 SH SOLE 0 0 1034 Walt Disney COM 254687106 5703 30905 SH SOLE 0 0 30905 Wells Fargo COM 949746101 556 14239 SH SOLE 0 0 14239 WisdomTree Germany Hedged Equi COM 97717w448 367 10500 SH SOLE 0 0 10500 iShares Core S&P Small-Cap 600 COM 464287804 210 1931 SH SOLE 0 0 1931 iShares Russell 1000 Growth ET COM 464287614 453 1862 SH SOLE 0 0 1862 iShares Russell 2000 Value ETF COM 464287630 332 2080 SH SOLE 0 0 2080 iShares Russell 3000 ETF COM 464287689 331 1397 SH SOLE 0 0 1397 iShares US Technology COM 464287721 859 9800 SH SOLE 0 0 9800