Manila Electric Company

MER

PHY5764J1483

Electric Utilities

End-of-day quote Philippines S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
368.4 ^PHP	+3.77%		+5.26%	-7.67%

Mar. 08	PLDT Forms New Digital Entity	MT
Mar. 05	Meralco, Aboitiz Power to Invest in LNG Assets Via Chromite Gas Deal	MT

Manila Electric Company Approves Interim Cash Dividend, Payable on September 14, 2023

July 31, 2023 at 03:05 am EDT

On July 31, 2023, the Manila Electric Company Board of Directors (BOD) approved interim cash dividends amounting to PHP 8.520 per share to all shareholders of record as of August 30, 2023, payable on September 14, 2023. This represents 50% of Meralco's Core EPS.

Latest news about Manila Electric Company

PLDT Forms New Digital Entity	Mar. 08	MT
Meralco, Aboitiz Power to Invest in LNG Assets Via Chromite Gas Deal	Mar. 05	MT
Meralco, Aboitiz Power to Invest in Gas-Fired Power Plants, LNG Terminal in Philippines	Mar. 04	MT
Philippines' top energy firms partner for $3.3 bln LNG facility	Mar. 02	RE
Manila Electric Company Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Manila Electric Company Announces Declaration of Cash Dividends, Payable on April 24, 2024	Feb. 26	CI
Transcript : Manila Electric Company, 2023 Earnings Call, Feb 26, 2024	Feb. 26
Manila Electric Company elects Mr. Patrick Henry C. Go as Director	Jan. 29	CI
Meralco Closes Acquisition of SP New Energy	Dec. 29	MT
Manila Electric Company Announces Resignation of Frederick Dy Go as Director, Effective January 8, 2024	Dec. 20	CI
Manila Electric Company Approves Executive Changes, Effective January 1, 2024	Dec. 11	CI
Manila Electric Company Announces Executive Changes	Nov. 15	CI
Manila Electric Company Appoints Marilene P. Tayag as Vice President and Chief Information Security Officer, Effective January 1, 2024	Nov. 13	CI
Transcript : Manila Electric Company, Nine Months 2023 Earnings Call, Nov 06, 2023	Nov. 06
Manila Electric Company Reports Earnings Results for the Nine Months Ended September 30, 2023	Nov. 06	CI
Meralco Takes Control of SP New Energy with PHP15.9 Billion Capital Injection	23-10-12	MT
Manila Electric Company Appoints Marilene P. Tayag as Chief Information Security Officer Effective on November 16, 2023	23-09-26	CI
On-Us Solutions Inc entered in a share purchase agreement to acquire eSAKAY, INC from Manila Electric Company for PHP 87.4 million.	23-08-14	CI
Transcript : Manila Electric Company, H1 2023 Earnings Call, Jul 31, 2023	23-07-31
Manila Electric Company Approves Interim Cash Dividend, Payable on September 14, 2023	23-07-31	CI
Manila Electric Company Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-31	CI
Manila Electric Company Announces Management Changes	23-06-26	CI
Analysis-As gas reserves wane, Philippines faces rising costs in switch to LNG	23-05-24	RE
Manila airport cancels 40 domestic flights after power outage	23-05-01	RE
Manila Electric Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-24	CI

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Company Profile

Manila Electric Co. is an electric distribution utility company in the Philippines covering 39 cities and 72 municipalities. The Company operates through two segments: Power and Other Services. The Power segment consists of electricity distribution, power generation and rental electricity services (RES). Electricity distribution includes electricity distribution and supply of power on a pass-through basis covering all captive customers in the MERALCO and the Clark Electric franchise areas in Luzon. The other services segment is involved principally in electricity-related services, such as, electro-mechanical engineering, construction, consulting and related manpower services, e-transaction and bills collection, telecommunications services, rail-related operations and maintenance services, insurance and re-insurance, e-business development, power distribution management, energy systems management and harnessing renewable energy, construction, and leasing of communication towers.

Sector

Electric Utilities

Calendar

2024-04-28 - Q1 2024 Earnings Release

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Ratings for Manila Electric Company

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

368.4 PHP

Average target price

403.9 PHP

Spread / Average Target

+9.63%

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