Meridian Energy Ltd (ASX: MEZ) Share Price and News

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Meridian Energy Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $14.88 billion
P/E Ratio 183.87
Dividend Yield 2.88%
Shares Outstanding 2.59 billion
Earnings per share 0.033
Dividend per share 0.16
Year To Date Return 10.49%
Earnings Yield 0.54%
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as at 24 Feb 3:44pm

  • Meridian Energy Ltd (ASX: MEZ)
    Latest News

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    Why Australian Clinical Labs, Meridian, MyState, and Sigma shares are falling today

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    ASX utilities shares lead the market on Thursday

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    Why Bapcor, GUD, Meridian Energy, and Spartan Resources shares are falling

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    Why Boss Energy, Meridian Energy, Neuren, and Tyro shares are falling today

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    Why Argosy Minerals, Block, Meridian Energy, and Supply Networks shares are falling

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    Why did the AGL share price outperform the ASX 200 on Friday?

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    Why did ASX renewable shares fall while electricity prices increased in FY22?

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    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    08 Mar 2024 $0.0615 0.00% Interim 26 Mar 2024
    06 Sep 2023 $0.0168 0.00% Supplemental 22 Sep 2023
    06 Sep 2023 $0.1060 0.00% Final 22 Sep 2023
    07 Mar 2023 $0.0085 0.00% Supplemental 23 Mar 2023
    07 Mar 2023 $0.0541 0.00% Interim 23 Mar 2023
    07 Sep 2022 $0.0155 0.00% Supplemental 23 Sep 2022
    07 Sep 2022 $0.0992 0.00% Final 23 Sep 2022
    17 Mar 2022 $0.0089 0.00% Supplemental 08 Apr 2022
    17 Mar 2022 $0.0527 0.00% Interim 08 Apr 2022
    29 Sep 2021 $0.0170 0.00% Supplemental 15 Oct 2021
    29 Sep 2021 $0.1046 0.00% Final 15 Oct 2021
    30 Mar 2021 $0.0087 0.00% Supplemental 16 Apr 2021
    30 Mar 2021 $0.0515 0.00% Interim 16 Apr 2021
    29 Sep 2020 $0.0170 0.00% Supplemental 16 Oct 2020
    29 Sep 2020 $0.1016 0.00% Final 16 Oct 2020
    30 Mar 2020 $0.0244 0.00% Special Cash 16 Apr 2020
    30 Mar 2020 $0.0087 0.00% Supplemental 16 Apr 2020
    30 Mar 2020 $0.0743 0.00% Interim 16 Apr 2020
    27 Sep 2019 $0.0244 0.00% Special Cash 16 Oct 2019
    27 Sep 2019 $0.0163 0.00% Supplemental 16 Oct 2019
    27 Sep 2019 $0.1170 0.00% Final 16 Oct 2019
    28 Mar 2019 $0.0244 0.00% Special Cash 17 Apr 2019
    27 Sep 2018 $0.0136 0.00% Supplemental 17 Oct 2018
    27 Sep 2018 $0.0989 0.00% Final 17 Oct 2018
    28 Mar 2018 $0.0244 0.00% Special Cash 17 Apr 2018
    28 Mar 2018 $0.0084 0.00% Supplemental 17 Apr 2018
    28 Mar 2018 $0.0695 0.00% Interim 17 Apr 2018
    28 Sep 2017 $0.0135 0.00% Supplemental 17 Oct 2017
    28 Sep 2017 $0.0244 0.00% Special 17 Oct 2017
    28 Sep 2017 $0.0974 0.00% Final 17 Oct 2017
    30 Mar 2017 $0.0244 0.00% Special 13 Apr 2017
    30 Mar 2017 $0.0673 0.00% Interim 13 Apr 2017
    29 Sep 2016 $0.0244 0.00% Special 14 Oct 2016
    29 Sep 2016 $0.0133 0.00% Supplemental 14 Oct 2016
    30 Mar 2016 $0.0244 0.00% Special 15 Apr 2016
    30 Mar 2016 $0.0637 0.00% Interim 15 Apr 2016
    28 Sep 2015 $0.0990 0.00% Final 15 Oct 2015

    MEZ ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Meridian Energy Ltd

    Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.

    MEZ Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    24 Jun 2024 $5.75 $0.17 3.05% 51,933 $5.64 $5.75 $5.58
    21 Jun 2024 $5.58 $-0.11 -1.93% 25,055 $5.70 $5.72 $5.56
    20 Jun 2024 $5.69 $-0.28 -4.69% 43,213 $5.83 $5.83 $5.67
    19 Jun 2024 $5.97 $0.18 3.11% 47,961 $5.85 $5.97 $5.66
    18 Jun 2024 $5.79 $0.02 0.35% 91,626 $5.88 $5.97 $5.74
    17 Jun 2024 $5.77 $-0.14 -2.37% 51,788 $5.90 $5.90 $5.76
    14 Jun 2024 $5.91 $0.02 0.34% 17,993 $5.95 $5.96 $5.89
    13 Jun 2024 $5.89 $-0.11 -1.83% 57,489 $5.90 $5.98 $5.85
    12 Jun 2024 $6.00 $-0.03 -0.50% 18,475 $5.95 $6.03 $5.88
    11 Jun 2024 $6.03 $0.18 3.08% 85,584 $5.81 $6.05 $5.81
    07 Jun 2024 $5.85 $-0.38 -6.10% 56,153 $6.21 $6.21 $5.83
    06 Jun 2024 $6.23 $0.24 4.01% 92,302 $6.11 $6.23 $5.91
    05 Jun 2024 $5.99 $0.24 4.17% 49,424 $5.87 $6.10 $5.87
    04 Jun 2024 $5.75 $-0.47 -7.56% 74,121 $6.17 $6.18 $5.75
    03 Jun 2024 $6.22 $-0.02 -0.32% 11,775 $6.23 $6.23 $6.14
    31 May 2024 $6.24 $0.47 8.15% 92,759 $5.91 $6.24 $5.83
    30 May 2024 $5.77 $0.00 0.00% 9,951 $5.77 $5.77 $5.62
    29 May 2024 $5.77 $0.12 2.12% 92,543 $5.67 $5.77 $5.65
    28 May 2024 $5.65 $-0.19 -3.25% 52,477 $5.79 $5.79 $5.65
    27 May 2024 $5.84 $0.17 3.00% 33,886 $5.66 $5.84 $5.66

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    04 Sep 2023 Tania Simpson Buy 849 $4,474
    On-market trade. NZD, As per announcement on 08-09-2023

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Mark Verbiest Non-Executive DirectorNon-Executive Chairman Mar 2017
    Mr Verbiest is a company director, currently serving on the boards of companies and organizations which includes ANZ Bank New Zealand Limited (Director), Freightways Limited (Chairman)and the Advisory Board to New Zealand Treasury Advisory (Member). He is also a former board member of the Financial Markets Authority and former Chairman of both Spark New Zealand Limited and Transpower New Zealand Limited.
    Mr Mark Cooper Cairns Non-Executive Director Jul 2012
    Mr Cairns is Chair of the Safety & Sustainability Committee. Mark has worked in infrastructure (build/operate), logistic operations and complex supply chains for most of his career and brings Chief Executive experience in business operations at scale, including exposure to capital markets.
    Ms Janice (Jan) Amelia Dawson Non-Executive Director Nov 2012
    Ms Dawson is Chair of Westpac New Zealand, Deputy Chair of Air New Zealand Limited, Director of AIG Insurance New Zealand Limited and Beca Group. She was previously the Chair and Chief Executive of KPMG New Zealand with a career spanning 30 years specialising in audit and accounting services in the United Kingdom, Canada and New Zealand. She is a Vice President of World Sailing a Councillor of the University of Auckland. She was previously President of Yachting New Zealand and a director of Goodman Fielder Limited and Counties Manukau District Health Board. She is Chair of the People Committee and a member of Risk Committee.
    Ms Tania Joy Te Rangingangana Simpson Non-Executive Director Aug 2021
    Ms Simpson is member of the Safety and Sustainability Committee. She has experience in corporate governance, policy development and business having served as a director of Mighty River Power Limited for 13 years from 2001. She also holds the distinction of being the first Maori director on the Reserve Bank of New Zealand Board where she was the Deputy Chair.
    Ms Julia Cecile Hoare Non-Executive Director Sep 2019
    Ms Hoare is Chair of the Risk Committee. Julia has governance, financial, and commercial expertise. She has governance pedigree and is currently President and Chair of the Institute of Directors, Chair of Port of Tauranga, and a Director of Auckland International Airport, a2 Milk and Comvita Limited. During her executive career, Julia was a partner at PwC for two decades where she gained sustainability, financial and tax experience. In addition to commercial and financial experience in both the private and public sectors, Julia's skills also span infrastructure, logistics, utilities, and sustainable business practices.
    Mrs Nagaja Tharanginee Sanatkumar Non-Executive Director Jan 2020
    Mrs Sanatkumar serves on Safety and Sustainability Committees. She has an international career with a focus on software information technology at scale, including senior roles at Amazon and Expedia. She has led digital information technology solutions and customer experience innovation for eCommerce retail, travel, and financial services products. Nagaja has over 23 years of global executive and leadership experience. She is also a Director for Foodstuffs North Island, NZ Post, Tuatahi First Fibre, Cawthron Institute and Groov
    Ms Michelle Henderson Non-Executive Director Oct 2019
    Ms Henderson has engineering and industrial expertise with more than 20 years of experience in the Australasian industry sector. Based in Invercargill, she is a former executive of Rio Tinto, both in New Zealand and Australia. Ms Henderson previously held the role of Chief Operating Officer of PowerNet, an electricity distribution company and has lead employees across risk management, health and safety, infrastructure, and operations. She has experience in business delivery, process innovation, and ensuring people safety. She is a member of the Safety & Sustainability Committee and Risk Committee.
    Mr Graham John Cockroft Non-Executive Director Jul 2022
    Mr Cockroft has over 30 years of experience in the international energy industry, with executive roles in the UK, South America, New Zealand, and Asia. His experiences have been across the energy chain and under different political, economic, and regulatory regimes. He has a financial background and experience in strategy and business development. He is also member of Risk Committee.
    Mr David Carter Non-Executive Director Jul 2023
    Mr Carter has 30 plus years of experience has held various positions within the group. David has worked across a range of sectors both within New Zealand and offshore, from airports to ports, and wastewater treatment plants to heavy duty pavements. He has worked on remediation of the Larona hydro canal and on foundations for high rise structures. During his career he has worked on a range of major projects including the Victorian (Australia) Desalination plant as a board member of the design JV. He was also a technical reviewer of the resource consent for the Kioreweku Hydroelectric project.
    Mr Neal Anthony Barclay Chief Executive Officer Dec 2017
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    Mr Jason Woolley Company SecretaryGeneral Counsel Dec 2019
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    Lisa Hannifin Chief Customer Officer
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    Neal Anthony Barclay Chief Executive Officer
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    Nic Kennedy Chief Executive Flux Federation Limited
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    Mike Roan Chief Financial Officer
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    Bharat Ratanpal Chief Information Officer
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    Jason Stein Chief People Officer
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    Jason Woolley Company SecretaryGeneral Counsel
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    Claire Shaw General Manager Corporate Affairs & Sustainability
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    Guy Waipara General Manager Development
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    Tania Palmer General Manager Generation
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    Chris Ewers General Manager Wholesale
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    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    The Sovereign in Right of New Zealand 1,318,674,646 51.01%
    HSBC Nominees (New Zealand) Limited 134,200,064 5.19%
    HSBC Nominees (New Zealand) Limited a/c State Street 131,215,044 5.07%
    JPMorgan Chase Bank NA NZ branch-segregated clients acct 104,306,858 4.03%
    Custodial Services Limited 90,181,847 3.48%
    Citibank Nominees (New Zealand) Limited 86,115,703 3.33%
    BNP Paribas Nominees (NZ) Limited 66,593,881 2.57%
    Accident Compensation Corporation 42,654,442 1.65%
    JBWere (NZ) Nominees Limited 27,773,506 1.07%
    HSBC Nominees a/c NZ Superannuation Fund Nominees Limited 25,001,814 0.96%
    National Nominees Limited 24,148,624 0.93%
    TEA Custodians Limited Client Property Trust Account 20,372,387 0.78%
    New Zealand Depository Nominee Limited 19,858,839 0.76%
    BNP Paribas Nominees (NZ) Limited i 18,109,718 0.70%
    ANZ Wholesale Australasian Share Fund 17,973,148 0.69%
    Fnz Custodians Limited 15,275,661 0.59%
    Forsyth Barr Custodians Limited 13,079,241 0.50%
    Simplicity Nominees Limited 10,552,966 0.40%
    HSBC Custody Nominees (Australia) Limited 9,110,245 0.35%
    PT (Booster Investments) Nominees Limited 8,720,848 0.33%

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