Iberiabank new preferreds push higher; Duke Energy moves lower; Energy Transfer gains

By James McCandless

San Antonio, April 1 – A new week in the preferred space finished Monday on a positive note.

Iberiabank Corp.’s new 6.1% series D fixed-to-floating rate non-cumulative perpetual preferred stock gained.

Elsewhere in finance, JPMorgan Chase & Co.’s 5.75% series DD and 6% series EE non-cumulative preferreds ended mixed.

U.S. Bancorp’s series B floating rate non-cumulative perpetual preferred stock saw a boost.

In utilities, Duke Energy Corp.’s recent 5.75% series A cumulative redeemable perpetual preferred stock closed slightly negative.

Oil and gas name Energy Transfer LP’s 7.375% series C fixed-to-floating rate cumulative redeemable perpetual preferred units followed the positive trend.

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