Stock MEL MERIDIAN ENERGY LIMITED
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Company Meridian Energy Limited

Equities

MEL

NZMELE0002S7

Electric Utilities

End-of-day quote New Zealand S.E.
Other stock markets
 06:00:00 2024-04-18 pm EDT 		5-day change 1st Jan Change
5.89 NZD +0.86% Intraday chart for Meridian Energy Limited +1.90% +6.32%
Apr. 17 Meridian Expects to Complete North Dakota Refinery Construction in Late 2026 -- OPIS DJ
Apr. 16 New Zealand Shares Drop on Inflation Concerns; Auckland International Airport Falls Slightly Despite Positive March Data MT

Business Summary

Meridian Energy Limited is a New Zealand-based power company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. The Company’s segments include New Zealand wholesale and New Zealand retail. The New Zealand 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 New Zealand retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. It owns and operates six hydro stations in New Zealand. It also has various wind farms and is also engaged in solar power generation across the country. It operates in New Zealand and the United Kingdom. The Company supplies electricity to power homes, businesses and farms.

Number of employees: 932

Sales per Business

NZD in Million2022Weight2023Weight Delta
New Zealand Wholesale
89.5 %
2,597 92.6 % 1,952 89.5 % -24.84%
New Zealand Retail
10.0 %
198 7.1 % 219 10.0 % +10.61%
Other & Unallocated
1.1 %
41 1.5 % 23 1.1 % -43.90%
Inter-segment
-0.6 %
-136 -4.8 % -13 -0.6 % -90.44%

Sales per region

NZD in Million2022Weight2023Weight Delta
New Zealand
100.0 %
3,695 99.8 % 3,222 100.0 % -12.80%

Managers

Managers TitleAgeSince
Neal Barclay CEO
 Chief Executive Officer - 08-06-30
Michael John Roan DFI
 Director of Finance/CFO - 05-12-31
Bharat Ratanpal CTO
 Chief Tech/Sci/R&D Officer - 22-03-30
Owen Hackston IRC
 Investor Relations Contact - -
Claire Shaw PRN
 Corporate Officer/Principal - 20-04-01
Jason Woolley LAW
 General Counsel - 11-08-31
Lisa Hannifin PRN
 Corporate Officer/Principal - 19-11-04
Tania Palmer PRN
 Corporate Officer/Principal - 19-06-04
Jason Stein LAW
 General Counsel - 07-12-31
Guy Waipara PRN
 Corporate Officer/Principal - 10-07-31

Members of the board

Members of the board TitleAgeSince
Mark Verbiest CHM
 Chairman - 17-03-23
Mark Cairns BRD
 Director/Board Member 74 12-07-17
Tania Joy Simpson BRD
 Director/Board Member - 21-07-31
Graham Cockroft BRD
 Director/Board Member 61 22-07-25
Julia Hoare BRD
 Director/Board Member - 19-09-25
David Carter BRD
 Director/Board Member - 23-07-24
Nagaja Sanatkumar BRD
 Director/Board Member - 19-12-31
Michelle Henderson BRD
 Director/Board Member - 19-10-15
Benjamin Bateman BRD
 Director/Board Member - 23-02-27

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,584,734,122 1,264,790,748 ( 48.93 %) 1,565,008 ( 0.0605 %) 48.93 %

Shareholders

NameEquities%Valuation
Guardians of New Zealand Superannuation
0.9774 %
25,301,812 0.9774 % 89 M $
Smartshares Ltd.
0.5631 %
14,576,418 0.5631 % 52 M $
Nordea Investment Management AB
0.4545 %
11,764,634 0.4545 % 42 M $
Salt Funds Management Ltd.
0.2668 %
6,905,376 0.2668 % 24 M $
Valu-Trac Investment Management Ltd.
0.2342 %
6,063,500 0.2342 % 21 M $
Storebrand Asset Management AS
0.1747 %
4,522,395 0.1747 % 16 M $
State Street Global Advisors Ltd.
0.1238 %
3,203,696 0.1238 % 11 M $
Nordea Bank SA
0.1213 %
3,139,911 0.1213 % 11 M $
Milford Asset Management Ltd.
0.1112 %
2,877,482 0.1112 % 10 M $
Franklin Templeton Australia Ltd.
0.0918 %
2,375,226 0.0918 % 8 M $

Company contact information

Meridian Energy Ltd.

55 Lady Elizabeth Lane Level 2

6011, Wellington

+64 4 381 1200

http://www.meridianenergy.co.nz
address Meridian Energy Limited(MEL)

Group companies

NameCategory and Sector
Meridian Finco Pty Ltd.
Logo Meridian Finco Pty Ltd.

Meridian Finco Pty Ltd.

Miscellaneous Commercial ServicesCommercial Services

Part of Meridian Energy Australia Pty Ltd. /Private Group/, Meridian Finco Pty Ltd. offers retrieval services for official records. The private company is based in Melbourne, Australia.

Miscellaneous Commercial Services

Sector

Utilities
Utilities
Electrical Utilities & IPPs
Electric Utilities
Hydroelectric & Tidal Utilities

Sales per Business

Sales per region

Ratings for Meridian Energy Limited

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
5
Last Close Price
5.89 NZD
Average target price
5.448 NZD
Spread / Average Target
-7.50%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Hydroelectric & Tidal Utilities

1st Jan change Capi.
MERIDIAN ENERGY LIMITED Stock Meridian Energy Limited
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NHPC LIMITED Stock NHPC Limited
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BROOKFIELD RENEWABLE PARTNERS L.P. Stock Brookfield Renewable Partners L.P.
-17.78% 10.09B
GUANGXI GUIGUAN ELECTRIC POWERCO.,LTD. Stock Guangxi Guiguan Electric PowerCo.,Ltd.
+14.26% 6.89B
MERCURY NZ LIMITED Stock Mercury NZ Limited
-2.42% 5.29B
CHINA SOUTHERN POWER GRID ENERGY STORAGE CO., LTD. Stock China Southern Power Grid Energy Storage Co., Ltd.
-0.81% 4.32B
FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO Stock Federal Hydro-Generating Company - RusHydro
-.--% 3.82B
Hydroelectric & Tidal Utilities
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