Goldman Sachs preferreds mixed; AT&T’s $25-par notes improve; Energy Transfer rises

By James McCandless

San Antonio, Dec. 11 – The Tuesday session in the preferred space was generally positive with robust trading volume.

Goldman Sachs Group, Inc.’s 5.5% series J fixed-to-floating rate perpetual non-cumulative preferreds and its series D floating-rate non-cumulative preferreds were mixed at the top of the secondary.

The series J preferreds (NYSE: GSPrJ) were up 18 cents to close at $24.46 on volume of about 619,000 shares.

The series D preferreds (NYSE: GSPrD) lost 14 cents to close at $18.34 on volume of about 317,000 shares.

Elsewhere in finance, State Street Corp.’s 5.35% series G fixed-to-floating rate non-cumulative preferred stock (NYSE: STTPrG) picked up 4 cents to close at $24.25.

Wells Fargo & Co.’s 5.85% series Q fixed-to-floating rate non-cumulative perpetual class A preferreds declined.

The preferreds (NYSE: WFCPrQ) declined 4 cents to close at $24.45.

AT&T, Inc.’s 5.35% global notes due 2066 improved.

The notes (NYSE: TBB) were up 3 cents to close at $22.66 with about 276,000 notes trading.

In energy, Energy Transfer Partners LP’s 7.375% series C and 7.625% series D fixed-to-floating rate cumulative preferred units were rising.

The series C preferreds (NYSE: ETPPrC) gained 21 cents to close at $22.40, and the series D preferreds (NYSE: ETPPrD) were up 23 cents to close at $22.80.

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