Chief Compliance Officer

0001058800-21-000004.txt : 20210728 0001058800-21-000004.hdr.sgml : 20210728 20210728142209 ACCESSION NUMBER: 0001058800-21-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210728 DATE AS OF CHANGE: 20210728 EFFECTIVENESS DATE: 20210728 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: 211121849 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 06-30-2021 06-30-2021 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 6109401111 Cheri bonVardo West Conshohocken PA 07-28-2021 0 178 1116991 false INFORMATION TABLE 2 inftable.XML AT&T COM 00206r102 1868 64909 SH SOLE 0 0 64909 AllianceBernstein Holdings, LP COM 01881g106 893 19190 SH SOLE 0 0 19190 Ameren Corp COM 023608102 13738 171633 SH SOLE 0 0 169931 Brookfield Renewable Partners COM G16258108 249 6450 SH SOLE 0 0 6450 CatchMark Timber Trust COM 14912y202 205 17500 SH SOLE 0 0 17500 Costamare Inc. COM y1771g102 2276 192750 SH SOLE 0 0 192750 DTE Energy COM 233331107 11976 92409 SH SOLE 0 0 89465 Deutsche Telekom AG ADR COM 251566105 943 44370 SH SOLE 0 0 44370 Dominion Resources COM 25746u109 13961 189762 SH SOLE 0 0 184432 E.ON SE ADR COM 268780103 1615 138950 SH SOLE 0 0 138950 Enbridge Inc. COM 29250n105 221 5529 SH SOLE 0 0 5529 Enel S.p.A. ADR COM 29265w207 395 42650 SH SOLE 0 0 42650 Energy Transfer LP COM 29273V100 1302 122522 SH SOLE 0 0 122522 Enterprise Prod Partners COM 293792107 66734 2765611 SH SOLE 0 0 2694475 Enviva Partners LP COM 29414j107 5380 102643 SH SOLE 0 0 102643 Healthpeak Properties COM 42250P103 5520 165810 SH SOLE 0 0 165810 Iberdrola SA ADR COM 450737101 1262 25830 SH SOLE 0 0 25830 Kennedy-Wilson Holdings Inc. COM 489398107 15319 770962 SH SOLE 0 0 756710 Kinder Morgan Inc. COM 49456b101 1295 71049 SH SOLE 0 0 71049 MPLX LP COM 55336v100 21300 719343 SH SOLE 0 0 719343 Magellan Midstream Partners, L COM 559080106 28800 588827 SH SOLE 0 0 588827 National Grid COM 636274409 4642 72595 SH SOLE 0 0 72595 NextEra Energy Partners COM 65341b106 110747 1450327 SH SOLE 0 0 1450327 NextEra Energy, Inc. COM 65339F101 29628 404313 SH SOLE 0 0 398937 Plains GP Holdings LP COM 72651A207 198 16587 SH SOLE 0 0 16587 ProLogis Tr SBI COM 74340W103 1485 12425 SH SOLE 0 0 12425 STAG Industrial COM 85254j102 289 7725 SH SOLE 0 0 7725 Teekay LNG Partners COM y8564m105 33164 2197742 SH SOLE 0 0 2137742 Verizon Comm COM 92343V104 5073 90542 SH SOLE 0 0 90542 Weyerhaeuser COM 962166104 8481 246390 SH SOLE 0 0 246390 Williams Companies Inc COM 969457100 1222 46038 SH SOLE 0 0 46038 XCEL Energy Inc. COM 98389B100 15873 240932 SH SOLE 0 0 234340 3M Company COM 88579y101 2607 13127 SH SOLE 0 0 13127 ABB Ltd. COM 000375204 255 7500 SH SOLE 0 0 7500 Abbott Laboratories COM 002824100 8373 72223 SH SOLE 0 0 68911 Accenture PLC COM g1151c101 206 700 SH SOLE 0 0 700 Air Products COM 009158106 413 1436 SH SOLE 0 0 1436 Alphabet, Inc. Cl A COM 02079k305 21036 8615 SH SOLE 0 0 8369 Alphabet, Inc. Cl C COM 02079k107 3524 1406 SH SOLE 0 0 1406 Amazon.com Inc. COM 023135106 25825 7507 SH SOLE 0 0 7289 American Express COM 025816109 1278 7733 SH SOLE 0 0 7733 American Intl. Group COM 026874784 569 11948 SH SOLE 0 0 11948 Anheuser-Busch InBev SA/NV COM 03524A108 4753 65909 SH SOLE 0 0 65909 Anheuser-Busch Inbev ADR COM 03524A108 367 5100 SH SOLE 0 0 5100 Apple Computer COM 037833100 22547 164626 SH SOLE 0 0 164626 Automatic Data Processing COM 053015103 3828 19272 SH SOLE 0 0 19272 BAE Systems PLC Sponsored ADR COM 05523r107 10456 357237 SH SOLE 0 0 348295 Bank of America COM 060505104 27452 665814 SH SOLE 0 0 655376 Becton Dickinson COM 075887109 1719 7070 SH SOLE 0 0 7070 Berkshire Hathaway A COM 084670108 1256 3 SH SOLE 0 0 3 Berkshire Hathaway B COM 084670702 8500 30586 SH SOLE 0 0 30274 Blackstone Group Inc. COM 09260D107 4789 49300 SH SOLE 0 0 49300 Boeing Company COM 097023105 429 1789 SH SOLE 0 0 1789 Boswell J G Co. COM 101205102 486 600 SH SOLE 0 0 600 Brookfield Infrastructure Clas COM 11275Q107 1022 13550 SH SOLE 0 0 13550 Brookfield Infrastructure Part COM G16252101 6412 115430 SH SOLE 0 0 115430 CSX Corp. COM 126408103 11908 371196 SH SOLE 0 0 359220 CVS Health Corp COM 126650100 3568 42767 SH SOLE 0 0 42767 Cadence Design COM 127387108 1262 9224 SH SOLE 0 0 9224 Caterpillar COM 149123101 432 1983 SH SOLE 0 0 1983 Century Communities, Inc. COM 156504300 3213 48283 SH SOLE 0 0 48283 Charles Schwab COM 808513105 418 5740 SH SOLE 0 0 5740 Charter Communications, Inc. COM 16119P108 9193 12742 SH SOLE 0 0 12730 Chevron COM 166764100 1246 11899 SH SOLE 0 0 11899 Chubb Ltd. COM H1467J104 20243 127362 SH SOLE 0 0 124002 Cisco Systems COM 17275R102 2833 53459 SH SOLE 0 0 53459 Citigroup COM 172967424 4300 60771 SH SOLE 0 0 57897 Coca Cola Co. COM 191216100 11406 210794 SH SOLE 0 0 207140 Colgate Palmolive COM 194162103 846 10400 SH SOLE 0 0 10400 Comcast Cl A COM 20030N101 543 9524 SH SOLE 0 0 9524 Corning COM 219350105 315 7700 SH SOLE 0 0 7700 Costco Wholesale COM 22160K105 4062 10266 SH SOLE 0 0 10266 Crown Castle Intl. COM 22822V101 723 3705 SH SOLE 0 0 3705 Crown Holdings Inc . COM 228368106 9089 88922 SH SOLE 0 0 86336 Deere & Co. COM 244199105 1076 3050 SH SOLE 0 0 3050 Dentsply Sirona COM 24906P109 2205 34850 SH SOLE 0 0 34850 Deutsche Post AG ADR COM 25157y202 712 10450 SH SOLE 0 0 10450 Discovery Inc. A COM 25470f104 269 8757 SH SOLE 0 0 8757 Discovery Inc. C COM 25470f302 1906 65769 SH SOLE 0 0 65769 Eli Lilly COM 532457108 972 4235 SH SOLE 0 0 4235 Emerson Electric Co. COM 291011104 9358 97238 SH SOLE 0 0 94762 Estee Lauder COM 518439104 1532 4815 SH SOLE 0 0 4815 Exxon Mobil COM 30231G102 754 11955 SH SOLE 0 0 11955 Facebook COM 30303M102 9956 28633 SH SOLE 0 0 28633 Fedex COM 31428x106 16985 56934 SH SOLE 0 0 56170 Flushing Financial COM 343873105 3298 153900 SH SOLE 0 0 153900 Fomento Economico Mexicano SA COM 344419106 1466 17350 SH SOLE 0 0 17350 Freeport McMoran Inc. COM 35671D857 26400 711394 SH SOLE 0 0 682650 General Electric COM 369604103 486 36134 SH SOLE 0 0 36134 General Motors COM 37045v100 414 7000 SH SOLE 0 0 7000 Genuine Parts COM 372460105 781 6177 SH SOLE 0 0 6177 Home Depot COM 437076102 247 775 SH SOLE 0 0 775 Howard Hughes Corp. COM 44267D107 38203 391990 SH SOLE 0 0 391990 IBM COM 459200101 719 4903 SH SOLE 0 0 4903 Illinois Tool Works COM 452308109 523 2339 SH SOLE 0 0 2339 Intel Corp. COM 458140100 618 11004 SH SOLE 0 0 11004 J.P. Morgan Chase COM 46625h100 25314 162748 SH SOLE 0 0 160156 Johnson & Johnson COM 478160104 22816 138497 SH SOLE 0 0 135573 KKR & Co. Inc. COM 48251W104 4828 81500 SH SOLE 0 0 81500 Kimberly Clark COM 494368103 1752 13095 SH SOLE 0 0 13095 Leidos Holdings Inc. COM 525327102 641 6345 SH SOLE 0 0 6345 Lennar Corporation Cl A COM 526057104 14612 147073 SH SOLE 0 0 143413 Liberty Broadband C COM 530307305 285 1639 SH SOLE 0 0 1639 Liberty SiriusXM Series C COM 531229607 347 7480 SH SOLE 0 0 7480 Linde PLC COM G5494J103 650 2250 SH SOLE 0 0 2250 McDonald's Corp. COM 580135101 378 1635 SH SOLE 0 0 1635 Medtronic COM G5960L103 13231 106592 SH SOLE 0 0 104118 Merck COM 58933y105 5366 68994 SH SOLE 0 0 68994 MetLife COM 59156R108 470 7850 SH SOLE 0 0 7850 Microsoft COM 594918104 23048 85080 SH SOLE 0 0 82770 Mondelez International Inc. COM 609207105 12734 203942 SH SOLE 0 0 200762 NRG Energy COM 629377508 4615 114512 SH SOLE 0 0 109386 National Fuel Gas Co. COM 636180101 5329 101981 SH SOLE 0 0 101981 Nestle Spons ADR COM 641069406 21701 173969 SH SOLE 0 0 171265 Northrup Grumman COM 666807102 363 1000 SH SOLE 0 0 1000 Northway Financial COM 667270201 261 8377 SH SOLE 0 0 8377 Novartis COM 66987V109 5113 56034 SH SOLE 0 0 56034 Oracle COM 68389X105 522 6700 SH SOLE 0 0 6700 PNC Bank Corp. COM 693475105 16042 84095 SH SOLE 0 0 81235 Pepsico COM 713448108 4920 33205 SH SOLE 0 0 33205 Pfizer COM 717081103 5323 135935 SH SOLE 0 0 135935 Phillips 66 COM 718546104 211 2460 SH SOLE 0 0 2460 Pioneer Natural Resources COM 723787107 3843 23646 SH SOLE 0 0 22852 Procter & Gamble COM 742718109 7622 56487 SH SOLE 0 0 56487 Prudential Financial Inc COM 744320102 225 2200 SH SOLE 0 0 2200 Pulte Homes Inc. COM 745867101 13250 242809 SH SOLE 0 0 235065 Raytheon Technologies COM 75513E101 5809 68089 SH SOLE 0 0 68089 Roche Holding AG COM 771195104 5221 111100 SH SOLE 0 0 111100 S&P Global Inc. COM 78409V104 657 1600 SH SOLE 0 0 1600 SPDR Index Shs S&P China COM 78463X400 279 2100 SH SOLE 0 0 2100 SPDR S&P 500 ETF COM 78462F103 5976 13960 SH SOLE 0 0 13960 SPDR S&P Midcap 400 EFT COM 78467y107 349 710 SH SOLE 0 0 710 SVB Financial Group COM 78486Q101 4696 8440 SH SOLE 0 0 8440 Sherwin Williams Co. COM 824348106 2471 9068 SH SOLE 0 0 9068 Siemens AG ADR COM 826197501 1427 17920 SH SOLE 0 0 17920 Sony Corp. COM 835699307 294 3025 SH SOLE 0 0 3025 State Street Corp COM 857477103 520 6314 SH SOLE 0 0 6314 Stryker Corp COM 863667101 3600 13862 SH SOLE 0 0 13862 Swiss Re ADR COM 870886108 1013 44815 SH SOLE 0 0 44815 Sysco COM 871829107 2864 36834 SH SOLE 0 0 36834 T-Mobile US, Inc. COM 872590104 9804 67690 SH SOLE 0 0 67366 Tencent Holdings Ltd. ADR COM 88032Q109 498 6620 SH SOLE 0 0 6620 Tesla, Inc. COM 88160r101 588 865 SH SOLE 0 0 865 Thermo Fisher Scientific COM 883556102 7875 15610 SH SOLE 0 0 15610 Thomson Reuters Corp. COM 884903709 333 3354 SH SOLE 0 0 3354 Truist Financial Corporation COM 89832q109 15606 281195 SH SOLE 0 0 273323 UBS Group AG COM H42097107 271 17650 SH SOLE 0 0 17650 Unilever PLC COM 904767704 4519 77255 SH SOLE 0 0 77255 Union Pacific COM 907818108 3114 14160 SH SOLE 0 0 14160 UnitedHealth Group COM 91324P102 22079 55137 SH SOLE 0 0 53521 Veolia Environnement ADR COM 92334N103 1930 63760 SH SOLE 0 0 63760 ViacomCBS COM 92556H206 1113 24613 SH SOLE 0 0 24613 Viatris COM 92556v106 222 15548 SH SOLE 0 0 15548 Visa COM 92826c839 7248 30997 SH SOLE 0 0 29797 Vistra Energy Corp COM 92840m102 2787 150268 SH SOLE 0 0 150268 W. W. Grainger COM 384802104 453 1034 SH SOLE 0 0 1034 Wal-Mart Stores COM 931142103 205 1453 SH SOLE 0 0 1453 Walt Disney COM 254687106 5428 30880 SH SOLE 0 0 30880 Wells Fargo COM 949746101 600 13239 SH SOLE 0 0 13239 WisdomTree Germany Hedged Equi COM 97717w448 372 10500 SH SOLE 0 0 10500 iShares Core S&P Small-Cap 600 COM 464287804 218 1931 SH SOLE 0 0 1931 iShares Russell 1000 Growth ET COM 464287614 505 1862 SH SOLE 0 0 1862 iShares Russell 2000 Value ETF COM 464287630 345 2080 SH SOLE 0 0 2080 iShares Russell 3000 ETF COM 464287689 358 1397 SH SOLE 0 0 1397 iShares US Technology COM 464287721 974 9800 SH SOLE 0 0 9800 American Century Value Fund COM 025076605 103 10632 SH SOLE 0 0 10632 Boulder Growth & Income Fund COM 101507101 151 11117 SH SOLE 0 0 11117 Dodge & Cox Income Fund COM 256210105 191 13311 SH SOLE 0 0 13311 Fidelity 500 Index Fund COM 315911750 402 2689 SH SOLE 0 0 2689 Fidelity Investments Money Mar COM 31607a109 1259 1258890 SH SOLE 0 0 1258890 Royce Value Tr COM 780910105 303 15989 SH SOLE 0 0 15989 T Rowe Price Growth Stk Fd COM 741479109 1727 15418 SH SOLE 0 0 15418 T. Rowe Price Growth Stock COM 741479406 276 2457 SH SOLE 0 0 2457 T. Rowe Price Value COM 779578103 665 13653 SH SOLE 0 0 13653 Vanguard Cap Opp Inv ADM COM 922038500 1064 5061 SH SOLE 0 0 5061 Vanguard Primecap Fund ADM COM 921936209 1540 8494 SH SOLE 0 0 8494 Vanguard Total Stock Market In COM 922908728 1865 17195 SH SOLE 0 0 17195 Vanguard Windsor II ADM COM 922018304 379 4677 SH SOLE 0 0 4677