Duke Energy preferreds positive; Invesco Mortgage declines; Energy Transfer improves

By James McCandless

San Antonio, April 3 – Top traders in the preferred space continued an overall positive trend in trading this week.

At the top of activity, Duke Energy Corp.’s 5.75% series A cumulative redeemable perpetual preferred stock was positive.

Meanwhile, REIT Invesco Mortgage Capital Inc.’s 7.5% series C fixed-to-floating rate cumulative redeemable preferreds declined.

In oil and gas, Energy Transfer LP’s 7.625% series D fixed-to-floating rate cumulative redeemable perpetual preferred units followed the upward trend.

Sector peer NuStar Energy LP’s 8.5% series A fixed-to-floating rate cumulative redeemable perpetual preferred units were similarly better.

Insurance provider American International Group, Inc.’s 5.85% series A non-cumulative perpetual preferreds also saw a boost.

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