Duke Energy preferreds decline; Digital Realty Trust gains; AT&T $25-par notes drop

By James McCandless

San Antonio, April 9 – The preferred space saw an overarching negative trend in Tuesday’s activity.

Leading trading, Duke Energy Corp.’s 5.75% series A cumulative redeemable perpetual preferred stock declined.

The preferreds (NYSE: DUKPrA) were down 5 cents to close at $25.65 on volume of about 377,000 shares.

Digital Realty Trust, Inc.’s 5.85% series K cumulative redeemable preferred stock moved higher.

The preferreds (NYSE: DLRPrK) added 3 cents to close at $25.53 with about 205,000 shares trading.

Elsewhere, telecom name AT&T, Inc.’s 5.35% global notes due 2066 dropped during the session.

The notes (NYSE: TBB) lost 12 cents to close at $25.36 on volume of about 150,000 notes.

In finance, JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferreds were slightly lower.

The preferreds (NYSE: JPMPrD) declined 4 cents to close at $26.02 with about 143,000 shares trading.

Meanwhile, insurance provider Brighthouse Financial, Inc.’s 6.6% series A non-cumulative perpetual preferred stock saw a downward push.

The preferreds (Nasdaq: BHFAP) were down 10 cents to close at $25.85 on volume of about 135,000 shares.

The Wells Fargo Hybrid & Preferred Securities Financial index finished the trading day down by 0.25.

The iShares US Preferred Stock Exchange-Traded Fund was down 10 cents to $36.60.

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