Chief Compliance Officer

0001058800-19-000005.txt : 20190429 0001058800-19-000005.hdr.sgml : 20190429 20190429160857 ACCESSION NUMBER: 0001058800-19-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190429 DATE AS OF CHANGE: 20190429 EFFECTIVENESS DATE: 20190429 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: 19775948 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 03-31-2019 03-31-2019 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 04-29-2019 0 148 887244 false INFORMATION TABLE 2 March2019.XML AT&T COM 00206r102 2672 85220 SH SOLE 0 0 85220 AllianceBernstein Holdings, LP COM 01881g106 596 20625 SH SOLE 0 0 20625 Ameren Corp COM 023608102 12297 167190 SH SOLE 0 0 167190 CatchMark Timber Trust COM 14912y202 118 12000 SH SOLE 0 0 12000 Clearway Energy, Inc. COM 18539c204 2395 158504 SH SOLE 0 0 158504 Enbridge Inc. COM 29250n105 3617 99751 SH SOLE 0 0 99751 Energy Transfer LP COM 29273V100 43423 2825154 SH SOLE 0 0 2825154 Enterprise Prod Partners COM 293792107 67335 2313926 SH SOLE 0 0 2313926 Evergy, Inc. COM 30034w106 1476 25423 SH SOLE 0 0 25423 HCP, Inc. COM 40414l109 6609 211150 SH SOLE 0 0 211150 Kinder Morgan Inc. COM 49456b101 4678 233776 SH SOLE 0 0 233776 Liberty Property Tr COM 531172104 5379 111083 SH SOLE 0 0 111083 Magellan Midstream Partners, L COM 559080106 45732 754281 SH SOLE 0 0 754281 NextEra Energy Partners COM 65341b106 61409 1316666 SH SOLE 0 0 1316666 NextEra Energy, Inc. COM 65339F101 31515 163019 SH SOLE 0 0 163019 Pattern Energy Group, Inc. COM 70338p100 37351 1697766 SH SOLE 0 0 1697766 Pembina Pipeline Corp. COM 706327103 549 14930 SH SOLE 0 0 14930 Plains All American Pipeline L COM 726503105 2710 110550 SH SOLE 0 0 110550 Teekay LNG Partners COM y8564m105 18499 1236547 SH SOLE 0 0 1236547 Verizon Comm COM 92343V104 5646 95492 SH SOLE 0 0 95492 Williams Companies Inc COM 969457100 935 32550 SH SOLE 0 0 32550 Williams Companies Inc COM 969457100 46 1590 SH SOLE 0 0 1590 3M Company COM 88579y101 2995 14412 SH SOLE 0 0 14412 ABB Ltd. COM 000375204 2908 154100 SH SOLE 0 0 154100 Abbott Laboratories COM 002824100 20286 253771 SH SOLE 0 0 253771 Advance Auto Parts COM 00751Y106 1405 8238 SH SOLE 0 0 8238 AerCap Holdings N.V. COM N00985106 698 15000 SH SOLE 0 0 15000 Air Lease COM 00912x302 4130 120227 SH SOLE 0 0 120227 Air Products COM 009158106 317 1661 SH SOLE 0 0 1661 Allergan Inc. COM G0177J108 337 2300 SH SOLE 0 0 2300 Alphabet, Inc. Cl A COM 02079k305 22726 19310 SH SOLE 0 0 19310 Alphabet, Inc. Cl C COM 02079k107 1244 1060 SH SOLE 0 0 1060 Amazon.com Inc. COM 023135106 22811 12810 SH SOLE 0 0 12810 American Express COM 025816109 845 7733 SH SOLE 0 0 7733 American Intl. Group COM 026874784 687 15948 SH SOLE 0 0 15948 Anheuser-Busch InBev SA/NV COM 03524A108 6705 79845 SH SOLE 0 0 79845 Anheuser-Busch Inbev ADR COM 03524A108 487 5800 SH SOLE 0 0 5800 Apple Computer COM 037833100 19816 104321 SH SOLE 0 0 104321 Automatic Data Processing COM 053015103 3480 21785 SH SOLE 0 0 21785 BP Amoco ADR COM 055622104 6178 141300 SH SOLE 0 0 141300 Bank of America COM 060505104 8488 307635 SH SOLE 0 0 307635 Becton Dickinson COM 075887109 8984 35973 SH SOLE 0 0 35973 Blackstone Group COM 09253U108 2812 80400 SH SOLE 0 0 80400 Boeing Company COM 097023105 682 1789 SH SOLE 0 0 1789 Brkshire Hathaway A COM 084670108 904 3 SH SOLE 0 0 3 Brkshire Hathaway B COM 084670702 4391 21859 SH SOLE 0 0 21859 Brookfield Infrastructure Part COM G16252101 5588 133450 SH SOLE 0 0 133450 CSX Corp. COM 126408103 358 4784 SH SOLE 0 0 4784 CVS Health Corp COM 126650100 6680 123863 SH SOLE 0 0 123863 Cadence Design COM 127387108 586 9224 SH SOLE 0 0 9224 Carnival Corporation COM 143658300 3530 69595 SH SOLE 0 0 69595 Caterpillar COM 149123101 291 2150 SH SOLE 0 0 2150 Century Communities, Inc. COM 156504300 1051 43840 SH SOLE 0 0 43840 Charles Schwab COM 808513105 249 5825 SH SOLE 0 0 5825 Chevron COM 166764100 2948 23931 SH SOLE 0 0 23931 Chubb Ltd. COM H1467J104 553 3946 SH SOLE 0 0 3946 Cisco Systems COM 17275R102 3360 62234 SH SOLE 0 0 62234 Citigroup COM 172967424 7457 119855 SH SOLE 0 0 119855 Coca Cola Co. COM 191216100 7247 154661 SH SOLE 0 0 154661 Cognizant Technology Solutions COM 192446102 275 3800 SH SOLE 0 0 3800 Colgate Palmolive COM 194162103 3222 47004 SH SOLE 0 0 47004 Comcast Cl A COM 20030N101 381 9524 SH SOLE 0 0 9524 ConocoPhillips COM 20825C104 2458 36831 SH SOLE 0 0 36831 Corning COM 219350105 288 8700 SH SOLE 0 0 8700 Costco Wholesale COM 22160K105 4865 20092 SH SOLE 0 0 20092 D. R. Horton COM 23331A109 2545 61510 SH SOLE 0 0 61510 Deere & Co. COM 244199105 538 3366 SH SOLE 0 0 3366 Delta Airlines COM 247361702 11453 221750 SH SOLE 0 0 221750 Dentsply Sirona COM 24906P109 2323 46840 SH SOLE 0 0 46840 Discovery Inc. A COM 25470f104 266 9831 SH SOLE 0 0 9831 Discovery Inc. C COM 25470f302 839 33011 SH SOLE 0 0 33011 Dollar General COM 256677105 1408 11800 SH SOLE 0 0 11800 Eli Lilly COM 532457108 631 4860 SH SOLE 0 0 4860 Emerson Electric Co. COM 291011104 886 12938 SH SOLE 0 0 12938 Estee Lauder COM 518439104 1134 6850 SH SOLE 0 0 6850 Exxon Mobil COM 30231G102 2742 33940 SH SOLE 0 0 33940 Facebook COM 30303M102 4037 24220 SH SOLE 0 0 24220 Facebook COM 30303M102 57 340 SH SOLE 0 0 340 Fedex COM 31428x106 2899 15978 SH SOLE 0 0 15978 Fomento Economico Mexicano SA COM 344419106 3610 39120 SH SOLE 0 0 39120 Fox Corp. Class A COM 35137L105 206 5623 SH SOLE 0 0 5623 General Electric COM 369604103 605 60545 SH SOLE 0 0 60545 Genuine Parts COM 372460105 1073 9577 SH SOLE 0 0 9577 Henry Schein COM 806407102 575 9560 SH SOLE 0 0 9560 Home Depot COM 437076102 446 2325 SH SOLE 0 0 2325 Huntington Bancshares Inc. COM 446150104 474 37350 SH SOLE 0 0 37350 IBM COM 459200101 984 6972 SH SOLE 0 0 6972 Illinois Tool Works COM 452308109 1032 7189 SH SOLE 0 0 7189 Intel Corp. COM 458140100 591 11004 SH SOLE 0 0 11004 Invesco COM G491BT108 639 33096 SH SOLE 0 0 33096 J.P. Morgan Chase COM 46625h100 27711 273739 SH SOLE 0 0 273739 Johnson & Johnson COM 478160104 32985 235958 SH SOLE 0 0 235958 KKR & Co. Inc. COM 48251W104 2499 106400 SH SOLE 0 0 106400 Kimberly Clark COM 494368103 2280 18400 SH SOLE 0 0 18400 Kuehne&Nagel Intl AG COM 100992916 2991 21805 SH SOLE 0 0 21805 Liberty Sirius Group C COM 531229607 266 6948 SH SOLE 0 0 6948 Linde PLC COM G5494J103 475 2700 SH SOLE 0 0 2700 M&T Bank Corp COM 55261F104 9823 62562 SH SOLE 0 0 62562 McDonald's Corp. COM 580135101 363 1910 SH SOLE 0 0 1910 Medtronic COM G5960L103 14556 159819 SH SOLE 0 0 159819 Merck COM 58933y105 6473 77829 SH SOLE 0 0 77829 MetLife COM 59156R108 453 10630 SH SOLE 0 0 10630 Microsoft COM 594918104 23901 202654 SH SOLE 0 0 202654 Mondelez International Inc. COM 609207105 509 10200 SH SOLE 0 0 10200 NRG Energy COM 629377508 14001 329589 SH SOLE 0 0 329589 Nestle Spons ADR COM 641069406 20813 218353 SH SOLE 0 0 218353 Noble Energy COM 655044105 1179 47694 SH SOLE 0 0 47694 Northrup Grumman COM 666807102 270 1000 SH SOLE 0 0 1000 Northway Financial COM 667270201 259 8952 SH SOLE 0 0 8952 Novartis COM 66987V109 6340 65943 SH SOLE 0 0 65943 Oracle COM 68389X105 360 6700 SH SOLE 0 0 6700 Pepsico COM 713448108 8907 72682 SH SOLE 0 0 72682 Pfizer COM 717081103 6529 153730 SH SOLE 0 0 153730 Phillips 66 COM 718546104 1726 18138 SH SOLE 0 0 18138 Procter & Gamble COM 742718109 7608 73122 SH SOLE 0 0 73122 Pulte Homes Inc. COM 745867101 2548 91140 SH SOLE 0 0 91140 Roche Holding AG COM 771195104 3917 113910 SH SOLE 0 0 113910 Royal Caribbean Cruise Ltd. COM v7780t103 13507 117840 SH SOLE 0 0 117840 Royal Dutch Shell COM 780259206 13998 223642 SH SOLE 0 0 223642 S&P Global Inc. COM 78409V104 337 1600 SH SOLE 0 0 1600 SPDR Index Shs S&P China COM 78463X400 662 6600 SH SOLE 0 0 6600 SPDR S&P 500 ETF COM 78462f103 4042 14310 SH SOLE 0 0 14310 SPDR S&P Midcap 400 EFT COM 78467y107 245 710 SH SOLE 0 0 710 Sherwin Williams Co. COM 824348106 2095 4865 SH SOLE 0 0 4865 Southwest Airlines COM 844741108 2102 40501 SH SOLE 0 0 40501 State Street Corp COM 857477103 439 6664 SH SOLE 0 0 6664 Stryker Corp COM 863667101 2738 13862 SH SOLE 0 0 13862 Sysco COM 871829107 2628 39369 SH SOLE 0 0 39369 Thermo Fisher Scientific COM 883556102 7368 26917 SH SOLE 0 0 26917 Thomson Reuters Corp. COM 884903709 235 3974 SH SOLE 0 0 3974 Tiffany & Co. COM 886547108 894 8469 SH SOLE 0 0 8469 UBS Group AG COM H42097107 616 50850 SH SOLE 0 0 50850 Unilever NV NY COM 904784709 5216 89485 SH SOLE 0 0 89485 Union Pacific COM 907818108 8652 51746 SH SOLE 0 0 51746 United Technologies COM 913017109 485 3760 SH SOLE 0 0 3760 UnitedHealth Group COM 91324P102 742 3000 SH SOLE 0 0 3000 Viacom Class B COM 92553p201 228 8116 SH SOLE 0 0 8116 Visa COM 92826c839 19878 127265 SH SOLE 0 0 127265 W. W. Grainger COM 384802104 319 1059 SH SOLE 0 0 1059 WPP Plc ADR COM 92937A102 238 4500 SH SOLE 0 0 4500 Walt Disney COM 254687106 2017 18170 SH SOLE 0 0 18170 Wells Fargo COM 949746101 769 15907 SH SOLE 0 0 15907 Weyerhaeuser Co. COM 962166104 1629 61834 SH SOLE 0 0 61834 William Lyon Home COM 552074700 1036 67410 SH SOLE 0 0 67410 WisdomTree Germany Hedged Equi COM 97717w448 497 17350 SH SOLE 0 0 17350 iShares Russell 1000 Growth ET COM 464287614 318 2100 SH SOLE 0 0 2100 iShares Russell 2000 Value ETF COM 464287630 249 2080 SH SOLE 0 0 2080 iShares US Technology COM 464287721 648 3400 SH SOLE 0 0 3400