How to buy Meridian Energy shares

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. Meridian Energy has a market cap (total outstanding shares value) of $19.2 billion.

How to buy shares in Meridian Energy

1. 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.
2. 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.
3. 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.
4. 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.
5. Decide on how many to buy. At today's price of $7.4, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. 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.

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Meridian Energy share price

Share Trading Account Offer

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AUD 8

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

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ANZ Share Investing		AUD 19.95	No	ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants	Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments. Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.	More Info	Compare	loading Fetching your data...
Westpac Online Investing Account		AUD 19.95 or 0.11%	USD 63.50 per year on the global markets account	ASX shares, Global shares, Options trading, ETFs	More Info	Compare	loading Fetching your data...

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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.

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 137x. In other words, Meridian Energy shares trade at around 137x 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 43.7192. 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 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 2.12% 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 2.12% 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 29 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 $3.649 up to $9.33. 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 0.7426. 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

• What percentage of Meridian Energy is owned by insiders or institutions?

  Currently 51.086% of Meridian Energy shares are held by insiders and 13.911% by institutions.

• When does the fiscal year end for Meridian Energy ?

  Meridian Energy 's fiscal year ends in June.

• Where is Meridian Energy based?

  Meridian Energy 's address is: 55 Lady Elizabeth Lane, Wellington, New Zealand, 6011

• What is Meridian Energy 's ISIN number?

  Meridian Energy 's international securities identification number is: NZMELE0002S7