Beach Investment Management, LLC. Buys Ameren Corp, Medtronic PLC, Evergy Inc, Sells Johnson & Johnson, Morgan Stanley, iShares MSCI Emerging Index Fund

• New Purchases: AEE, MDT, EVRG, AL, PPL, LEN, DHI,
• Added Positions: FB, BABA, RDS.A, CSX, UNP, GOOGL, NEE, ABT, ETE, NRG,
• Reduced Positions: CCL, DWDP, RCL, DAL, FDX, AAPL, C, AMZN,
• Sold Out: JNJ, MS, EEM, WMB, AMAT, IP, BX, KMI, TGP, AAL,

For the details of Beach Investment Management, LLC.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Beach+Investment+Management%2C+LLC.

1. NextEra Energy Partners LP (NEP) - 120,283 shares, 9.27% of the total portfolio.
2. JPMorgan Chase & Co (JPM) - 33,590 shares, 5.78% of the total portfolio.
3. Magellan Midstream Partners LP (MMP) - 48,272 shares, 5.51% of the total portfolio.
4. Visa Inc (V) - 24,760 shares, 5.41% of the total portfolio.
5. Pattern Energy Group Inc (PEGI) - 164,794 shares, 5.1% of the total portfolio.

Beach Investment Management, LLC. initiated holding in Ameren Corp. The purchase prices were between $55.33 and $60.85, with an estimated average price of $57.45. The stock is now traded at around $61.73. The impact to a portfolio due to this purchase was 3.01%. The holding were 29,970 shares as of 2018-06-30.

Beach Investment Management, LLC. initiated holding in Medtronic PLC. The purchase prices were between $77.48 and $87.83, with an estimated average price of $83.48. The stock is now traded at around $88.85. The impact to a portfolio due to this purchase was 1.9%. The holding were 13,470 shares as of 2018-06-30.

Beach Investment Management, LLC. initiated holding in Evergy Inc. The purchase prices were between $50.65 and $57.04, with an estimated average price of $53.33. The stock is now traded at around $55.87. The impact to a portfolio due to this purchase was 1.65%. The holding were 17,793 shares as of 2018-06-30.

Beach Investment Management, LLC. initiated holding in Air Lease Corp. The purchase prices were between $41.46 and $45.48, with an estimated average price of $43.34. The stock is now traded at around $43.39. The impact to a portfolio due to this purchase was 1.59%. The holding were 22,950 shares as of 2018-06-30.

Beach Investment Management, LLC. initiated holding in PPL Corp. The purchase prices were between $25.61 and $29.1, with an estimated average price of $27.69. The stock is now traded at around $28.91. The impact to a portfolio due to this purchase was 1.26%. The holding were 26,640 shares as of 2018-06-30.

Beach Investment Management, LLC. initiated holding in Lennar Corp. The purchase prices were between $49.22 and $64, with an estimated average price of $54.12. The stock is now traded at around $52.04. The impact to a portfolio due to this purchase was 0.62%. The holding were 7,130 shares as of 2018-06-30.

Beach Investment Management, LLC. added to a holding in Facebook Inc by 107.11%. The purchase prices were between $155.1 and $202, with an estimated average price of $180.53. The stock is now traded at around $167.00. The impact to a portfolio due to this purchase was 1.64%. The holding were 9,900 shares as of 2018-06-30.

Beach Investment Management, LLC. added to a holding in Alibaba Group Holding Ltd by 53.17%. The purchase prices were between $167.52 and $210.86, with an estimated average price of $190.49. The stock is now traded at around $183.47. The impact to a portfolio due to this purchase was 0.85%. The holding were 7,980 shares as of 2018-06-30.

Beach Investment Management, LLC. added to a holding in Royal Dutch Shell PLC by 62.12%. The purchase prices were between $62.55 and $73.64, with an estimated average price of $69.27. The stock is now traded at around $68.32. The impact to a portfolio due to this purchase was 0.84%. The holding were 19,260 shares as of 2018-06-30.

Beach Investment Management, LLC. added to a holding in CSX Corp by 98.26%. The purchase prices were between $54.35 and $67.28, with an estimated average price of $61.73. The stock is now traded at around $70.47. The impact to a portfolio due to this purchase was 0.71%. The holding were 13,640 shares as of 2018-06-30.

Beach Investment Management, LLC. added to a holding in Union Pacific Corp by 96.90%. The purchase prices were between $130.02 and $147.02, with an estimated average price of $139.34. The stock is now traded at around $148.80. The impact to a portfolio due to this purchase was 0.66%. The holding were 5,710 shares as of 2018-06-30.

Beach Investment Management, LLC. added to a holding in NextEra Energy Inc by 21.87%. The purchase prices were between $155.4 and $168.08, with an estimated average price of $161.46. The stock is now traded at around $166.85. The impact to a portfolio due to this purchase was 0.45%. The holding were 9,140 shares as of 2018-06-30.

Beach Investment Management, LLC. sold out a holding in Johnson & Johnson. The sale prices were between $119.4 and $131.76, with an estimated average price of $124.84.

Beach Investment Management, LLC. sold out a holding in Morgan Stanley. The sale prices were between $47.19 and $55.22, with an estimated average price of $52.29.

Beach Investment Management, LLC. sold out a holding in iShares MSCI Emerging Index Fund. The sale prices were between $42.33 and $48.14, with an estimated average price of $46.29.

Beach Investment Management, LLC. sold out a holding in Williams Companies Inc. The sale prices were between $24.38 and $28.01, with an estimated average price of $26.36.

Beach Investment Management, LLC. sold out a holding in Applied Materials Inc. The sale prices were between $45.25 and $57.86, with an estimated average price of $51.56.

Beach Investment Management, LLC. sold out a holding in International Paper Co. The sale prices were between $50.18 and $59.01, with an estimated average price of $53.96.