How to buy Meridian Energy shares | A$5.04
Own Meridian Energy shares in just a few minutes.
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Meridian Energy Limited is an utilities—renewable business based in Australia. Meridian Energy shares (MEZ) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $5.04 – a decrease of 4.73% over the previous week. and has a market cap (total outstanding shares value) of $13.4 billion.
How to buy shares in Meridian Energy
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Meridian Energy . Find the share by name or ticker symbol: MEZ. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Meridian Energy reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $5.04, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Meridian Energy . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
🧪How we chose these brokersFor our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.
What's in this guide?
- Meridian Energy key stats
- Compare share trading platforms
- Is Meridian Energy stock a buy or sell?
- Meridian Energy performance over time
- Are Meridian Energy shares over-valued?
- Meridian Energy 's financials
- How volatile are Meridian Energy shares?
- Does Meridian Energy pay a dividend?
- Other common questions
How has coronavirus impacted Meridian Energy 's share price?
Since the stock market crash in March caused by coronavirus, Meridian Energy 's share price has had significant negative movement.
Its last market close was $5.04, which is 4.73% down on its pre-crash value of $5.29 and 43.18% up on the lowest point reached during the March crash when the shares fell as low as $3.52.
If you had bought $1,000 worth of Meridian Energy shares at the start of February 2020, those shares would have been worth $762.85 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $996.06.
Meridian Energy share priceUse our graph to track the performance of MEZ stocks over time.
Meridian Energy shares at a glance
|Latest market close||AUDA$5.04|
|52-week range||AUDA$3.52 - AUDA$5.55|
|50-day moving average||AUDA$4.5914|
|200-day moving average||AUDA$4.4613|
|Dividend yield||AUDA$0.16 (2.97%)|
|Earnings per share (TTM)||AUDA$0.054|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
Compare share trading platforms
Is it a good time to buy Meridian Energy stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Meridian Energy price performance over time
|1 week (2020-10-12)||-1.56%|
|1 month (2020-09-18)||16.13%|
|3 months (2020-07-17)||14.81%|
|6 months (2020-04-17)||20.57%|
|1 year (2019-10-18)||0.80%|
|2 years (2018-10-19)||75.61%|
|3 years (2017-10-19)||92.37%|
|5 years (2015-10-19)||150.75%|
Is Meridian Energy under- or over-valued?
Valuing Meridian Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meridian Energy 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Meridian Energy 's P/E ratio
Meridian Energy 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 72x. In other words, Meridian Energy shares trade at around 72x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Meridian Energy 's PEG ratio
Meridian Energy 's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 10.291. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meridian Energy 's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Meridian Energy financials
|Gross profit TTM||$854 million|
|Return on assets TTM||2.78%|
|Return on equity TTM||3.34%|
|Market capitalisation||$13.4 billion|
TTM: trailing 12 months
Meridian Energy share dividends
Dividend payout ratio: 237.92% of net profits
Recently Meridian Energy has paid out, on average, around 237.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.97% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Meridian Energy shareholders could enjoy a 2.97% return on their shares, in the form of dividend payments. In Meridian Energy 's case, that would currently equate to about A$0.16 per share.
Meridian Energy 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 28 September 2020 (the "ex-dividend date").
Meridian Energy share price volatility
Over the last 12 months, Meridian Energy 's shares have ranged in value from as little as $3.52 up to $5.55. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Meridian Energy 's is 0.5819. This would suggest that Meridian Energy 's shares are less volatile than average (for this exchange).
Meridian Energy overview
Meridian Energy Limited engages in the generation, trading, and retail of electricity and gas. The company generates electricity through hydro power stations and wind farms located in New Zealand and Australia; and a solar farm in Tongatapu, Tonga. It sells its electricity to residential, business, and industrial customers under the Meridian and Powershop brands. The company also provides management, insurance, financing, professional, trustee, and software development services, as well as licenses Flux developed electricity and gas retailing platform. In addition, it offers solar installation services. The company was formerly known as Hydro Energy Limited and changed its name to Meridian Energy Limited in March 1999. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
Frequently asked questions
Ask an Expert