Operations

0001058800-24-000001.txt : 20240105 0001058800-24-000001.hdr.sgml : 20240105 20240105090636 ACCESSION NUMBER: 0001058800-24-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240105 DATE AS OF CHANGE: 20240105 EFFECTIVENESS DATE: 20240105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEACH INVESTMENT COUNSEL INC/PA CENTRAL INDEX KEY: 0001058800 ORGANIZATION NAME: 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: 24514586 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 X0202 13F-HR LIVE false false false 0001058800 XXXXXXXX 12-31-2023 12-31-2023 BEACH INVESTMENT COUNSEL INC/PA

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

13F HOLDINGS REPORT 028-03561 N Tania Zapalski Operations 610-940-1111 Tania Zapalski West Conshohocken PA 01-05-2024 0 144 810373 false INFORMATION TABLE 2 December2023.xml AllianceBernstein Holdings, LP COM 01881g106 413 13325 SH SOLE 0 0 13325 Ameren Corp COM 023608102 5327 73637 SH SOLE 0 0 73637 CenterPoint Energy, Inc. COM 15189t107 11912 416957 SH SOLE 0 0 416957 Clearway Energy, Inc. COM 18539c204 6082 221710 SH SOLE 0 0 221710 DTE Energy COM 233331107 9274 84112 SH SOLE 0 0 84112 Deutsche Telekom AG ADR COM 251566105 2085 86414 SH SOLE 0 0 86414 E.ON SE ADR COM 268780103 663 49300 SH SOLE 0 0 49300 Enel S.p.A. ADR COM 29265w207 268 36190 SH SOLE 0 0 36190 Energy Transfer LP COM 29273V100 40711 2950069 SH SOLE 0 0 2950069 Engie SA ADR COM 29286d105 2596 147619 SH SOLE 0 0 147619 Enterprise Prod Partners COM 293792107 60794 2307189 SH SOLE 0 0 2307189 Healthcare Realty COM 42226K105 29136 1690994 SH SOLE 0 0 1690994 Healthpeak Properties COM 42250P103 1143 57737 SH SOLE 0 0 57737 IDACORP COM 451107106 6815 69314 SH SOLE 0 0 69314 Iberdrola SA ADR COM 450737101 1305 24855 SH SOLE 0 0 24855 Kennedy-Wilson Holdings Inc. COM 489398107 11157 901176 SH SOLE 0 0 901176 Kinder Morgan Inc. COM 49456b101 886 50235 SH SOLE 0 0 50235 MPLX LP COM 55336v100 33015 899089 SH SOLE 0 0 899089 National Grid COM 636274409 3603 52991 SH SOLE 0 0 52991 NextEra Energy Partners COM 65341b106 38398 1262672 SH SOLE 0 0 1262672 NextEra Energy, Inc. COM 65339F101 31513 518824 SH SOLE 0 0 518824 Oneok Inc. COM 682680103 1215 17307 SH SOLE 0 0 17307 PG&E Corp. COM 69331C108 9477 525601 SH SOLE 0 0 525601 Plains GP Holdings LP COM 72651A207 1947 122065 SH SOLE 0 0 122065 ProLogis Tr SBI COM 74340W103 1532 11491 SH SOLE 0 0 11491 STAG Industrial COM 85254j102 212 5400 SH SOLE 0 0 5400 Weyerhaeuser COM 962166104 7621 219170 SH SOLE 0 0 219170 Williams Companies Inc COM 969457100 2189 62834 SH SOLE 0 0 62834 3M Company COM 88579y101 444 4066 SH SOLE 0 0 4066 Abbott Laboratories COM 002824100 470 4268 SH SOLE 0 0 4268 Air Products COM 009158106 287 1050 SH SOLE 0 0 1050 Alphabet, Inc. Cl A COM 02079k305 23131 165590 SH SOLE 0 0 165590 Alphabet, Inc. Cl C COM 02079k107 3480 24695 SH SOLE 0 0 24695 Amazon.com Inc. COM 023135106 30226 198933 SH SOLE 0 0 198933 American Express COM 025816109 1430 7633 SH SOLE 0 0 7633 American Intl. Group COM 026874784 484 7142 SH SOLE 0 0 7142 Anheuser-Busch InBev SA/NV COM 03524A108 3725 57720 SH SOLE 0 0 57720 Anheuser-Busch Inbev ADR COM 03524A108 242 3750 SH SOLE 0 0 3750 Apollo Global Management COM 03769M106 12117 130030 SH SOLE 0 0 130030 Apple Computer COM 037833100 19659 102109 SH SOLE 0 0 102109 Automatic Data Processing COM 053015103 2437 10461 SH SOLE 0 0 10461 B2Gold Corp COM 11777Q209 39 12256 SH SOLE 0 0 12256 BAE Systems PLC Sponsored ADR COM 05523r107 7205 124608 SH SOLE 0 0 124608 BNP Paribas ADR COM 05565A202 667 19200 SH SOLE 0 0 19200 Bank of America COM 060505104 3844 114171 SH SOLE 0 0 114171 Becton Dickinson COM 075887109 371 1520 SH SOLE 0 0 1520 Berkshire Hathaway A COM 084670108 1628 3 SH SOLE 0 0 3 Berkshire Hathaway B COM 084670702 5278 14798 SH SOLE 0 0 14798 Blackstone Inc. COM 09260D107 5835 44566 SH SOLE 0 0 44566 Boeing Company COM 097023105 466 1789 SH SOLE 0 0 1789 Boston Scientific COM 101137107 9844 170282 SH SOLE 0 0 170282 Brookfield Corp. COM 11271J107 369 9200 SH SOLE 0 0 9200 Brookfield Infrastructure Clas COM 11275Q107 663 18781 SH SOLE 0 0 18781 Brookfield Infrastructure Part COM G16252101 4574 145243 SH SOLE 0 0 145243 CRH plc ADR COM G25508105 12509 180874 SH SOLE 0 0 180874 CVS Health Corp COM 126650100 2342 29656 SH SOLE 0 0 29656 Cadence Design COM 127387108 2158 7924 SH SOLE 0 0 7924 Caterpillar COM 149123101 6073 20539 SH SOLE 0 0 20539 Century Communities, Inc. COM 156504300 2874 31531 SH SOLE 0 0 31531 Charles Schwab COM 808513105 514 7478 SH SOLE 0 0 7478 Chevron COM 166764100 1857 12449 SH SOLE 0 0 12449 Chubb Ltd. COM H1467J104 922 4078 SH SOLE 0 0 4078 Cisco Systems COM 17275R102 2156 42668 SH SOLE 0 0 42668 Citigroup COM 172967424 1846 35889 SH SOLE 0 0 35889 Coca Cola Co. COM 191216100 19555 331832 SH SOLE 0 0 331832 Comcast Cl A COM 20030N101 572 13036 SH SOLE 0 0 13036 Costco Wholesale COM 22160K105 3617 5480 SH SOLE 0 0 5480 Crown Holdings Inc . COM 228368106 783 8498 SH SOLE 0 0 8498 Cummins Inc. COM 231021106 246 1026 SH SOLE 0 0 1026 Deere & Co. COM 244199105 816 2041 SH SOLE 0 0 2041 Dentsply Sirona COM 24906P109 787 22125 SH SOLE 0 0 22125 Deutsche Post DHL Group ADR COM 25157y202 1507 30423 SH SOLE 0 0 30423 Eli Lilly COM 532457108 2314 3970 SH SOLE 0 0 3970 Emerson Electric Co. COM 291011104 6599 67805 SH SOLE 0 0 67805 Estee Lauder COM 518439104 514 3515 SH SOLE 0 0 3515 Exxon Mobil COM 30231G102 1175 11755 SH SOLE 0 0 11755 Fedex COM 31428x106 4606 18208 SH SOLE 0 0 18208 Fomento Economico Mexicano SA COM 344419106 1585 12157 SH SOLE 0 0 12157 Freeport McMoran Inc. COM 35671D857 2822 66289 SH SOLE 0 0 66289 General Electric COM 369604301 371 2908 SH SOLE 0 0 2908 Genuine Parts COM 372460105 461 3330 SH SOLE 0 0 3330 Goldman Sachs JUST COM 381430396 211 3100 SH SOLE 0 0 3100 Howard Hughes Holdings COM 44267T102 13110 153239 SH SOLE 0 0 153239 IBM COM 459200101 777 4752 SH SOLE 0 0 4752 Illinois Tool Works COM 452308109 613 2339 SH SOLE 0 0 2339 Intel Corp. COM 458140100 553 11004 SH SOLE 0 0 11004 J.P. Morgan Chase COM 46625h100 18688 109866 SH SOLE 0 0 109866 Johnson & Johnson COM 478160104 8180 52188 SH SOLE 0 0 52188 KKR & Co. Inc. COM 48251W104 5294 63900 SH SOLE 0 0 63900 Kimberly Clark COM 494368103 566 4659 SH SOLE 0 0 4659 Leidos Holdings Inc. COM 525327102 587 5420 SH SOLE 0 0 5420 Liberty SiriusXM Series C COM 531229789 215 7480 SH SOLE 0 0 7480 Linde PLC COM G54950103 513 1250 SH SOLE 0 0 1250 MasterCard Inc. COM 57636q104 13321 31232 SH SOLE 0 0 31232 McDonald's Corp. COM 580135101 485 1635 SH SOLE 0 0 1635 Medtronic COM G5960L103 2844 34525 SH SOLE 0 0 34525 Merck COM 58933y105 6066 55640 SH SOLE 0 0 55640 MetLife COM 59156R108 417 6300 SH SOLE 0 0 6300 Meta Platforms, Inc. COM 30303M102 7831 22123 SH SOLE 0 0 22123 Microsoft COM 594918104 25964 69047 SH SOLE 0 0 69047 Mondelez International Inc. COM 609207105 22894 316087 SH SOLE 0 0 316087 Nestle Spons ADR COM 641069406 22099 191115 SH SOLE 0 0 191115 Northrup Grumman COM 666807102 468 1000 SH SOLE 0 0 1000 Novartis COM 66987V109 3820 37835 SH SOLE 0 0 37835 Nvidia Corporation COM 67066G104 1605 3240 SH SOLE 0 0 3240 Oracle COM 68389X105 706 6700 SH SOLE 0 0 6700 PNC Bank Corp. COM 693475105 3160 20406 SH SOLE 0 0 20406 Pepsico COM 713448108 3447 20296 SH SOLE 0 0 20296 Pfizer COM 717081103 3057 106174 SH SOLE 0 0 106174 Phillips 66 COM 718546104 221 1660 SH SOLE 0 0 1660 Procter & Gamble COM 742718109 5679 38752 SH SOLE 0 0 38752 Prudential Financial Inc COM 744320102 228 2200 SH SOLE 0 0 2200 Raytheon Technologies COM 75513E101 870 10335 SH SOLE 0 0 10335 Roche Holding AG COM 771195104 3182 87841 SH SOLE 0 0 87841 S&P Global Inc. COM 78409V104 705 1600 SH SOLE 0 0 1600 SPDR S&P 500 ETF COM 78462F103 6374 13410 SH SOLE 0 0 13410 SPDR S&P Midcap 400 EFT COM 78467y107 360 710 SH SOLE 0 0 710 Sandoz ADR COM 799926100 242 7549 SH SOLE 0 0 7549 Schlumberger COM 806857108 2149 41299 SH SOLE 0 0 41299 Shell PLC ADR COM 780259305 12463 189410 SH SOLE 0 0 189410 Siemens AG ADR COM 826197501 2715 29021 SH SOLE 0 0 29021 Sony Corp. COM 835699307 211 2225 SH SOLE 0 0 2225 State Street Corp COM 857477103 420 5418 SH SOLE 0 0 5418 Stryker Corp COM 863667101 3069 10250 SH SOLE 0 0 10250 Swiss Re ADR COM 870886108 779 27671 SH SOLE 0 0 27671 Sysco COM 871829107 2511 34334 SH SOLE 0 0 34334 Thermo Fisher Scientific COM 883556102 4740 8930 SH SOLE 0 0 8930 Thomason Reuters COM 884903808 472 3231 SH SOLE 0 0 3231 UBS Group AG COM H42097107 2596 84012 SH SOLE 0 0 84012 Uber Technologies, Inc. COM 90353t100 339 5500 SH SOLE 0 0 5500 Unilever PLC COM 904767704 2976 61396 SH SOLE 0 0 61396 Union Pacific COM 907818108 3218 13102 SH SOLE 0 0 13102 UnitedHealth Group COM 91324P102 10033 19058 SH SOLE 0 0 19058 Veolia Environnement ADR COM 92334N103 1654 104826 SH SOLE 0 0 104826 Viatris COM 92556v106 130 12032 SH SOLE 0 0 12032 Visa COM 92826c839 11289 43362 SH SOLE 0 0 43362 Vistra Energy Corp COM 92840m102 15847 411392 SH SOLE 0 0 411392 W. W. Grainger COM 384802104 703 848 SH SOLE 0 0 848 Walt Disney COM 254687106 2093 23186 SH SOLE 0 0 23186 Warner Bros. Discovery A COM 934423104 683 60015 SH SOLE 0 0 60015 Wells Fargo COM 949746101 258 5233 SH SOLE 0 0 5233 iShares Russell 1000 Growth ET COM 464287614 364 1200 SH SOLE 0 0 1200 iShares Russell 2000 Value ETF COM 464287630 323 2080 SH SOLE 0 0 2080 iShares US Technology COM 464287721 1203 9800 SH SOLE 0 0 9800