Meridian Energy Ltd
MEL.NZ- Latest Trade
- trading higher4.65NZD
- Change
- 0.21
- % Change
4.73%Positive
- Day Range
- 4.46 - 4.70
- 52-Week Range
- 4.33 - 5.42
As of May 18 2022. Values delayed up to 15 minutes
- Previous Close
- 4.44
- Open
- 4.48
- Volume
- 1,598,539.00
- 3 Month Average Trading Volume
- 40.29
- Shares Out (Mil)
- 2,563.00
- Market Cap
- 11,444.39
- Forward P/E
- 40.54
- Dividend Yield
- 3.84
Key Statistics
3 mean rating - 4 analysts
- P/E Excl. Extra Items (TTM)
- 32.93
- Price To Sales (TTM)
- 2.79
- Price To Book (Quarterly)
- 2.22
- Price To Cash Flow (Per Share TTM)
- 17.88
- Total Debt/Total Equity (Quarterly)
- 36.01
- Long Term Debt/Equity (Quarterly)
- 30.69
- Return On Investment (TTM)
- 3.98
- Return On Equity (TTM)
- 3.64
2021 (millions USD)
About Meridian Energy Ltd
Company Information
Meridian Energy Limited is a New Zealand-based company. The Company 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 and licensing of the Powershop platform in the United Kingdom. The Company supplies electricity to power homes, businesses and farms.
Address
33 Customhouse Quay, The Terrace PO Box 10840WELLINGTON,
6143
New Zealand
Industry
Electric Utilities
Executive Leadership
- Mark John Verbiest
- Non-Executive Chairman of the Board
- Neal Anthony Barclay
- Chief Executive
- Peter Wilson
- Non-Executive Deputy Chairman of the Board
- Mike Roan
- Chief Financial Officer
- Nic Kennedy
- Chief Executive of Flux Federation Limited
- Jason Adam Stein
- Chief People Officer
- Bharat Ratanpal
- Chief Information Officer
- Jason Woolley
- General Counsel, Company Secretary
- Chris Ewers
- General Manager - Wholesale
- Tania Jane Palmer
- General Manager - Generation
- Claire Shaw
- General Manager - Corporate Affairs and Sustainability
- Guy Waipara
- General Manager - Development
- Lisa Jane Hannifin
- Chief Customer Officer
- Nagaja Tharanginee Sanatkumar
- Independent Director
- Tania Joy Te Rangingangana Simpson
- Independent Director
- Mark Cooper Cairns
- Non-Executive Independent Director
- Janice Amelia Dawson
- Non-Executive Independent Director
- Anake Angus Murray Goodall
- Non-Executive Independent Director
- Michelle Henderson
- Non-Executive Independent Director
- Julia Cecile Hoare
- Non-Executive Independent Director
Latest News
- MarketsNew Zealand shares flat ahead of Fed rate meeting, Australia closed
New Zealand shares traded flat on Wednesday, hovering near their 10-month lows as investors looked to the U.S. Federal Reserve for signs of a quicker-than-expected rate hike, with trading subdued owing to closure of Australian equity markets.
- MarketsGold, energy stocks drag Australia shares lower; set for first weekly jump in five
Australian shares fell on Friday, dragged down by energy and gold stocks due to weakness in prices of their underlying commodities, but they were on track to post their first weekly gain in five.
- MarketsDeals of the day Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1115 GMT on Monday:
- MarketsShell expands into Australian retail power market with $528 mln deal
Royal Dutch Shell has made its first foray into selling power to households in Australia, teaming up with an infrastructure fund to buy Meridian Energy's local electricity business for A$729 million ($528 million).
- MarketsAustralia shares dip as Europe COVID-19 woes spark recovery fears
Australian shares fell on Monday as a resurgence of COVID-19 cases in Europe prompted fresh lockdowns and painted a bleak picture of post-coronavirus recovery for the global economy.
- MarketsAustralian shares slide as rising Europe COVID-19 cases caution investors
Australian shares fell on Monday to their lowest in over a week, as energy stocks dropped after a resurgence of COVID-19 cases across Europe stoked demand fears and hit risk appetite.
- MarketsAustralia shares set to open lower, NZ down
Australian shares are expected to open lower on Monday, snapping a two-day winning streak, as energy stocks are likely to dip on renewed concerns about resurgence of COVID-19 cases across Europe, dampening risk appetite.
Markets Performance
Official Data PartnerCommodities
| Future | Last | % Change |
|---|---|---|
| Gold | 1,818.20 | -- |
| Copper | 760.45 | 0.67%Negative |
| Brent Crude Oil | 113.21 | 1.14%Positive |
| CBOT Soybeans | 1,675.50 | 0.15%Negative |
Stocks
| Index | Last | % Change |
|---|---|---|
| S&P 500 | 4,088.85 | 2.02%Positive |
| Euro STOXX 50 | 3,739.04 | 0.07%Negative |
| FTSE 100 | 7,511.39 | 0.09%Negative |
| Nikkei 225 | 26,911.20 | 0.94%Positive |
Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes