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Meridian Energy Ltd

MEL.NZ

Latest Trade

5.70NZD

Change

0.14(+2.52%)

Volume

5,651,989

Today's Range

5.40

 - 

5.70

52 Week Range

3.61

 - 

9.94

As of on the New Zealand Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
5.56
Open
5.64
Volume
5,651,989
3M AVG Volume
52.65
Today's High
5.70
Today's Low
5.40
52 Week High
9.94
52 Week Low
3.61
Shares Out (MIL)
2,563.00
Market Cap (MIL)
14,248.00
Forward P/E
51.96
Dividend (Yield %)
3.04

Next Event

Dividend For MEL - 0.0570 NZD

Latest Developments

More

Meridian Energy Posts HY NPAT NZ$227 Mln

Meridian Energy To Begin Construction Of NZ$395 Mln Wind Farm

Meridian Energy Says NZ Retail Sales Volumes In Jan Were 1.6% Lower

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About Meridian Energy Ltd

Meridian Energy Limited is engaged in the business of generation, trading and retailing of electricity, and the sale of complementary products and services. The Company operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market; retailing of electricity through the Powershop brand in Australia, and licensing of the Powershop platform in the United Kingdom. The Company supplies electricity to power homes, businesses and farms.

Industry

Electric Utilities

Contact Info

33 Customhouse Quay, The Terrace

PO Box 10840

6143

New Zealand

+64.4.3811200

https://www.meridianenergy.co.nz/

Executive Leadership

Mark John Verbiest

Non-Executive Independent Chairman of the Board

Neal Anthony Barclay

Chief Executive

Peter Wilson

Non-Executive Independent Deputy Chairman of the Board

Mike Roan

Chief Financial Officer

Nic Kennedy

Chief Executive of Flux Federation Limited

Key Stats

3.60 mean rating - 5 analysts
Sell
Hold
Buy
Revenue (MM, NZD)

2018

2.8K

2019

3.5K

2020

3.4K

2021(E)

3.6K
EPS (NZD)

2018

0.080

2019

0.130

2020

0.124

2021(E)

0.107
Price To Earnings (TTM)
67.21
Price To Sales (TTM)
4.08
Price To Book (MRQ)
2.84
Price To Cash Flow (TTM)
27.40
Total Debt To Equity (MRQ)
35.41
LT Debt To Equity (MRQ)
29.87
Return on Investment (TTM)
2.40
Return on Equity (TTM)
2.23

Latest News

Latest News

Rio Tinto to shutter New Zealand aluminium smelter, putting jobs and economy in peril

Rio Tinto said on Thursday it will close its aluminium smelter operation in New Zealand due to high costs and a challenging market, putting over a thousand jobs on the line and dealing a blow to the country's top power producers.

BRIEF-Meridian Says Reviewing Electricity Authority's Prelim Decision On Undesirable Trading Situation Claim

* REVIEWING ELECTRICITY AUTHORITY'S PRELIMINARY DECISION ON UNDESIRABLE TRADING SITUATION CLAIM MADE AGAINST CO, CONTACT

BRIEF-Meridian Energy Updates On Clutha Upper Waitaki Lines Project

* TRANSPOWER MAY NO LONGER BE ABLE TO COMPLETE CLUTHA UPPER WAITAKI LINES PROJECT BY JUNE 2022

BRIEF-Meridian Energy Confirms Smelter consumption reduction to manage COVID-19

* TIWAI POINT SMELTER IN SOUTHLAND WILL, FROM MIDNIGHT ON 3 APRIL, EXERCISE RIGHT TO REDUCE CONTRACTED QUANTITY TO 0 FOR UP TO 6 MNTHS Source text for Eikon: Further company coverage:

BRIEF-Meridian Energy Says In Month To 10 March, National Hydro Storage Decreased From 126% To 111% Of Historical Average

* IN MONTH TO 10 MARCH 2020, NATIONAL HYDRO STORAGE DECREASED FROM 126% TO 111% OF HISTORICAL AVERAGE

Rio Tinto considers curtailment, closure of New Zealand aluminum smelter

Global miner Rio Tinto Ltd on Wednesday flagged a possible pullback or closure of New Zealand's Aluminum Smelter (NZAS), citing weakness in the aluminum market and high energy costs.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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