Chief Compliance Officer

0001058800-21-000005.txt : 20211104 0001058800-21-000005.hdr.sgml : 20211104 20211104110344 ACCESSION NUMBER: 0001058800-21-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211104 DATE AS OF CHANGE: 20211104 EFFECTIVENESS DATE: 20211104 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: 211378746 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 09-30-2021 09-30-2021 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 11-04-2021 0 175 1055616 false INFORMATION TABLE 2 inftable.XML 13 F SEPTEMBER 2021 AT&T COM 00206r102 1748 64708 SH SOLE 0 0 64708 AllianceBernstein Holdings, LP COM 01881g106 951 19190 SH SOLE 0 0 19190 Ameren Corp COM 023608102 13902 171633 SH SOLE 0 0 169931 CatchMark Timber Trust COM 14912y202 208 17500 SH SOLE 0 0 17500 Costamare Inc. COM y1771g102 2986 192750 SH SOLE 0 0 192750 DTE Energy COM 233331107 10323 92409 SH SOLE 0 0 89465 Deutsche Telekom AG ADR COM 251566105 1143 56720 SH SOLE 0 0 56720 Dominion Energy COM 25746u109 13856 189762 SH SOLE 0 0 184432 E.ON SE ADR COM 268780103 1702 138950 SH SOLE 0 0 138950 Enbridge Inc. COM 29250n105 220 5529 SH SOLE 0 0 5529 Enel S.p.A. ADR COM 29265w207 326 42650 SH SOLE 0 0 42650 Energy Transfer LP COM 29273V100 1174 122522 SH SOLE 0 0 122522 Enterprise Prod Partners COM 293792107 59848 2765611 SH SOLE 0 0 2694475 Enviva Partners LP COM 29414j107 5552 102643 SH SOLE 0 0 102643 Healthpeak Properties COM 42250P103 5451 162810 SH SOLE 0 0 162810 Iberdrola SA ADR COM 450737101 1039 25830 SH SOLE 0 0 25830 Kennedy-Wilson Holdings Inc. COM 489398107 16085 768902 SH SOLE 0 0 754650 Kinder Morgan Inc. COM 49456b101 901 53871 SH SOLE 0 0 53871 MPLX LP COM 55336v100 20381 715863 SH SOLE 0 0 715863 Magellan Midstream Partners, L COM 559080106 26792 587807 SH SOLE 0 0 587807 National Grid COM 636274409 3586 60130 SH SOLE 0 0 60130 NextEra Energy Partners COM 65341b106 108686 1442225 SH SOLE 0 0 1442225 NextEra Energy, Inc. COM 65339F101 31733 404143 SH SOLE 0 0 398767 Plains GP Holdings LP COM 72651A207 179 16587 SH SOLE 0 0 16587 ProLogis Tr SBI COM 74340W103 1558 12425 SH SOLE 0 0 12425 STAG Industrial COM 85254j102 303 7725 SH SOLE 0 0 7725 Teekay LNG Partners COM y8564m105 33753 2170621 SH SOLE 0 0 2110621 Verizon Comm COM 92343V104 4890 90542 SH SOLE 0 0 90542 Weyerhaeuser COM 962166104 8764 246390 SH SOLE 0 0 246390 Williams Companies Inc COM 969457100 1194 46038 SH SOLE 0 0 46038 XCEL Energy Inc. COM 98389B100 15058 240932 SH SOLE 0 0 234340 3M Company COM 88579y101 2303 13127 SH SOLE 0 0 13127 ABB Ltd. COM 000375204 250 7500 SH SOLE 0 0 7500 Abbott Laboratories COM 002824100 8209 69491 SH SOLE 0 0 66179 Accenture PLC COM g1151c101 224 700 SH SOLE 0 0 700 Air Products COM 009158106 368 1436 SH SOLE 0 0 1436 Alphabet, Inc. Cl A COM 02079k305 24329 9100 SH SOLE 0 0 8850 Alphabet, Inc. Cl C COM 02079k107 3753 1408 SH SOLE 0 0 1408 Amazon.com Inc. COM 023135106 34339 10453 SH SOLE 0 0 10157 American Express COM 025816109 1296 7733 SH SOLE 0 0 7733 American Intl. Group COM 026874784 656 11948 SH SOLE 0 0 11948 Anheuser-Busch InBev SA/NV COM 03524A108 4068 71421 SH SOLE 0 0 71421 Anheuser-Busch Inbev ADR COM 03524A108 279 4950 SH SOLE 0 0 4950 Apple Computer COM 037833100 23163 163696 SH SOLE 0 0 163696 Automatic Data Processing COM 053015103 3826 19138 SH SOLE 0 0 19138 BAE Systems PLC Sponsored ADR COM 05523r107 10921 357237 SH SOLE 0 0 348295 Bank of America COM 060505104 15648 368616 SH SOLE 0 0 360266 Becton Dickinson COM 075887109 1738 7070 SH SOLE 0 0 7070 Berkshire Hathaway A COM 084670108 1234 3 SH SOLE 0 0 3 Berkshire Hathaway B COM 084670702 7638 27984 SH SOLE 0 0 27672 Blackstone Inc. COM 09260D107 5736 49300 SH SOLE 0 0 49300 Boeing Company COM 097023105 393 1789 SH SOLE 0 0 1789 Boswell J G Co. COM 101205102 600 600 SH SOLE 0 0 600 Brookfield Infrastructure Clas COM 11275Q107 811 13552 SH SOLE 0 0 13552 Brookfield Infrastructure Part COM G16252101 6308 112430 SH SOLE 0 0 112430 Brookfield Renewable Partners COM G16258108 238 6450 SH SOLE 0 0 6450 CVS Health Corp COM 126650100 3053 35982 SH SOLE 0 0 35982 Cadence Design COM 127387108 1397 9224 SH SOLE 0 0 9224 Caterpillar COM 149123101 376 1961 SH SOLE 0 0 1961 Century Communities, Inc. COM 156504300 2967 48283 SH SOLE 0 0 48283 Charles Schwab COM 808513105 418 5740 SH SOLE 0 0 5740 Charter Communications, Inc. COM 16119P108 4706 6468 SH SOLE 0 0 6372 Chevron COM 166764100 1207 11899 SH SOLE 0 0 11899 Chubb Ltd. COM H1467J104 16555 95429 SH SOLE 0 0 92069 Cisco Systems COM 17275R102 2915 53559 SH SOLE 0 0 53559 Citigroup COM 172967424 4265 60771 SH SOLE 0 0 57897 Coca Cola Co. COM 191216100 12940 246615 SH SOLE 0 0 241219 Colgate Palmolive COM 194162103 786 10401 SH SOLE 0 0 10401 Comcast Cl A COM 20030N101 533 9524 SH SOLE 0 0 9524 Corning COM 219350105 281 7700 SH SOLE 0 0 7700 Costco Wholesale COM 22160K105 3377 7516 SH SOLE 0 0 7516 Crown Castle Intl. COM 22822V101 530 3057 SH SOLE 0 0 3057 Crown Holdings Inc . COM 228368106 8962 88922 SH SOLE 0 0 86336 Deere & Co. COM 244199105 1007 3005 SH SOLE 0 0 3005 Dentsply Sirona COM 24906P109 2023 34850 SH SOLE 0 0 34850 Deutsche Post AG ADR COM 25157y202 659 10450 SH SOLE 0 0 10450 Discovery Inc. A COM 25470f104 222 8757 SH SOLE 0 0 8757 Discovery Inc. C COM 25470f302 1596 65770 SH SOLE 0 0 65770 Eli Lilly COM 532457108 973 4210 SH SOLE 0 0 4210 Emerson Electric Co. COM 291011104 9141 97041 SH SOLE 0 0 94565 Estee Lauder COM 518439104 1444 4815 SH SOLE 0 0 4815 Exxon Mobil COM 30231G102 703 11955 SH SOLE 0 0 11955 Facebook COM 30303M102 1890 5570 SH SOLE 0 0 5570 Fedex COM 31428x106 2192 9998 SH SOLE 0 0 9998 Flushing Financial COM 343873105 3478 153900 SH SOLE 0 0 153900 Fomento Economico Mexicano SA COM 344419106 1505 17350 SH SOLE 0 0 17350 Freeport McMoran Inc. COM 35671D857 21624 664729 SH SOLE 0 0 635985 General Electric COM 369604301 465 4512 SH SOLE 0 0 4512 General Motors COM 37045v100 369 7000 SH SOLE 0 0 7000 Genuine Parts COM 372460105 749 6177 SH SOLE 0 0 6177 Home Depot COM 437076102 254 775 SH SOLE 0 0 775 Howard Hughes Corp. COM 44267D107 34225 389760 SH SOLE 0 0 389760 IBM COM 459200101 681 4903 SH SOLE 0 0 4903 Illinois Tool Works COM 452308109 483 2339 SH SOLE 0 0 2339 Intel Corp. COM 458140100 586 11004 SH SOLE 0 0 11004 J.P. Morgan Chase COM 46625h100 26585 162412 SH SOLE 0 0 159820 Johnson & Johnson COM 478160104 22335 138298 SH SOLE 0 0 135374 KKR & Co. Inc. COM 48251W104 4962 81500 SH SOLE 0 0 81500 Kimberly Clark COM 494368103 1575 11895 SH SOLE 0 0 11895 Leidos Holdings Inc. COM 525327102 610 6345 SH SOLE 0 0 6345 Lennar Corporation Cl A COM 526057104 14436 154099 SH SOLE 0 0 150439 Liberty Broadband C COM 530307305 283 1639 SH SOLE 0 0 1639 Liberty SiriusXM Series C COM 531229607 355 7480 SH SOLE 0 0 7480 Linde PLC COM G5494J103 660 2250 SH SOLE 0 0 2250 McDonald's Corp. COM 580135101 394 1635 SH SOLE 0 0 1635 Medtronic COM G5960L103 13409 106975 SH SOLE 0 0 104501 Merck COM 58933y105 5182 68994 SH SOLE 0 0 68994 MetLife COM 59156R108 481 7800 SH SOLE 0 0 7800 Microsoft COM 594918104 22516 79865 SH SOLE 0 0 77777 Mondelez International Inc. COM 609207105 5818 99995 SH SOLE 0 0 99995 NRG Energy COM 629377508 19859 486373 SH SOLE 0 0 472671 National Fuel Gas Co. COM 636180101 5356 101981 SH SOLE 0 0 101981 Nestle Spons ADR COM 641069406 20910 173944 SH SOLE 0 0 171240 Northrup Grumman COM 666807102 360 1000 SH SOLE 0 0 1000 Northway Financial COM 667270201 268 8377 SH SOLE 0 0 8377 Novartis COM 66987V109 4582 56034 SH SOLE 0 0 56034 Oracle COM 68389X105 584 6700 SH SOLE 0 0 6700 PNC Bank Corp. COM 693475105 13724 70150 SH SOLE 0 0 68368 Pepsico COM 713448108 4799 31904 SH SOLE 0 0 31904 Pfizer COM 717081103 5847 135935 SH SOLE 0 0 135935 Procter & Gamble COM 742718109 7743 55388 SH SOLE 0 0 55388 Prudential Financial Inc COM 744320102 231 2200 SH SOLE 0 0 2200 Pulte Homes Inc. COM 745867101 13788 300266 SH SOLE 0 0 292522 Raytheon Technologies COM 75513E101 5741 66788 SH SOLE 0 0 66788 Roche Holding AG COM 771195104 5052 111100 SH SOLE 0 0 111100 Royal Dutch Shell COM 780259206 216 4857 SH SOLE 0 0 4857 S&P Global Inc. COM 78409V104 680 1600 SH SOLE 0 0 1600 SPDR S&P 500 ETF COM 78462F103 5991 13960 SH SOLE 0 0 13960 SPDR S&P Midcap 400 EFT COM 78467y107 341 710 SH SOLE 0 0 710 SVB Financial Group COM 78486Q101 5456 8435 SH SOLE 0 0 8435 Sherwin Williams Co. COM 824348106 2537 9068 SH SOLE 0 0 9068 Siemens AG ADR COM 826197501 1472 17920 SH SOLE 0 0 17920 Sony Corp. COM 835699307 335 3025 SH SOLE 0 0 3025 State Street Corp COM 857477103 535 6314 SH SOLE 0 0 6314 Stryker Corp COM 863667101 3656 13862 SH SOLE 0 0 13862 Swiss Re ADR COM 870886108 903 42315 SH SOLE 0 0 42315 Sysco COM 871829107 2891 36834 SH SOLE 0 0 36834 T-Mobile US, Inc. COM 872590104 4441 34761 SH SOLE 0 0 34599 Tencent Holdings Ltd. ADR COM 88032Q109 396 6620 SH SOLE 0 0 6620 Tesla, Inc. COM 88160r101 617 795 SH SOLE 0 0 795 Thermo Fisher Scientific COM 883556102 7770 13600 SH SOLE 0 0 13600 Thomson Reuters Corp. COM 884903709 371 3354 SH SOLE 0 0 3354 Truist Financial Corporation COM 89832q109 13728 234061 SH SOLE 0 0 226189 UBS Group AG COM H42097107 281 17650 SH SOLE 0 0 17650 Unilever PLC COM 904767704 3902 71960 SH SOLE 0 0 71960 Union Pacific COM 907818108 2771 14136 SH SOLE 0 0 14136 UnitedHealth Group COM 91324P102 21075 53936 SH SOLE 0 0 52394 Veolia Environnement ADR COM 92334N103 1849 58138 SH SOLE 0 0 58138 ViacomCBS COM 92556H206 972 24613 SH SOLE 0 0 24613 Viatris COM 92556v106 207 15313 SH SOLE 0 0 15313 Visa COM 92826c839 6905 30997 SH SOLE 0 0 29797 Vistra Energy Corp COM 92840m102 13751 804151 SH SOLE 0 0 786675 W. W. Grainger COM 384802104 406 1034 SH SOLE 0 0 1034 Wal-Mart Stores COM 931142103 203 1453 SH SOLE 0 0 1453 Walt Disney COM 254687106 5219 30850 SH SOLE 0 0 30850 Wells Fargo COM 949746101 614 13239 SH SOLE 0 0 13239 WisdomTree Germany Hedged Equi COM 97717w448 368 10500 SH SOLE 0 0 10500 iShares Core S&P Small-Cap 600 COM 464287804 211 1931 SH SOLE 0 0 1931 iShares Russell 1000 Growth ET COM 464287614 510 1862 SH SOLE 0 0 1862 iShares Russell 2000 Value ETF COM 464287630 333 2080 SH SOLE 0 0 2080 iShares Russell 3000 ETF COM 464287689 356 1397 SH SOLE 0 0 1397 iShares US Technology COM 464287721 992 9800 SH SOLE 0 0 9800 American Century Value Fund COM 025076605 102 10632 SH SOLE 0 0 10632 Boulder Growth & Income Fund COM 101507101 146 11117 SH SOLE 0 0 11117 Dodge & Cox Income Fund COM 256210105 190 13311 SH SOLE 0 0 13311 Fidelity 500 Index Fund COM 315911750 408 2689 SH SOLE 0 0 2689 Fidelity Investments Money Mar COM 31607a109 1175 1174890 SH SOLE 0 0 1174890 Royce Value Tr COM 780910105 284 15775 SH SOLE 0 0 15775 T Rowe Price Growth Stk Fd COM 741479109 1713 15418 SH SOLE 0 0 15418 T. Rowe Price Growth Stock COM 741479406 273 2457 SH SOLE 0 0 2457 T. Rowe Price Value COM 779578103 664 13553 SH SOLE 0 0 13553 Vanguard Cap Opp Inv ADM COM 922039850 1045 5061 SH SOLE 0 0 5061 Vanguard Primecap Fund ADM COM 921936209 1501 8494 SH SOLE 0 0 8494 Vanguard Total Stock Market In COM 922908728 1864 17248 SH SOLE 0 0 17248 Vanguard Windsor II ADM COM 922018304 385 4677 SH SOLE 0 0 4677