Stock Information
MER | MANILA ELECTRIC COMPANY
Sector: INDUSTRIAL | Sub-Sector: ELEC., ENERGY, POWER & WATER
Manila Electric Company (MER) is a distribution utility organized on May 7, 1919, which holds a congressional franchise under Republic Act (RA) No. 9209 effective June 28, 2003. RA 9209 granted MER a 25-year franchise valid through June 28, 2028 to construct, operate, and maintain the electric distribution system in the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal and certain cities, municipalities, and barangays in the provinces of Batangas, Laguna, Pampanga, and Quezon. On February 4, 2025, MER's franchise was renewed for another 25 years starting in 2028, under House Bill No. 10926.
The principal business of MER is the distribution and sale of electric energy through its distribution network facilities in its franchise area. The Company's market is categorized into four classes namely, residential, commercial, industrial, and streetlights.
MER's subsidiaries include Meralco Industrial Engineering Services Corporation; Corporate Information Solutions, Inc; Meralco Energy, Inc.; e-Meralco Ventures, Inc.; Meralco Financial Services Corporation; Clark Electric Distribution Corporation; and MERALCO PowerGen Corporation.
Source: SEC Form 17-A (2024)
Price History
| Price Date | Open | Low | High | Close | Volume | Average | Value |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | 604.00 | 515.50 | 617.50 | 617.50 | 226,660 | 613.90002 | 139,146,000.00 |
| 2026-03-30 | 603.50 | 515.50 | 604.00 | 604.00 | 114,380 | 602.21997 | 68,882,000.00 |
| 2026-03-27 | 609.00 | 599.00 | 609.00 | 603.50 | 114,570 | 602.97998 | 69,083,904.00 |
| 2026-03-26 | 601.50 | 596.00 | 609.50 | 609.50 | 48,680 | 605.95001 | 29,497,800.00 |
| 2026-03-25 | 596.00 | 595.00 | 607.00 | 603.50 | 216,510 | 602.42999 | 130,431,000.00 |
| 2026-03-24 | 609.50 | 603.00 | 609.50 | 603.50 | 128,320 | 604.83002 | 77,611,200.00 |
| 2026-03-23 | 606.50 | 591.50 | 610.00 | 610.00 | 304,790 | 602.00 | 183,484,000.00 |
| 2026-03-19 | 612.00 | 603.00 | 612.00 | 603.00 | 268,640 | 603.91998 | 162,238,000.00 |
| 2026-03-18 | 601.50 | 601.50 | 614.50 | 612.00 | 157,520 | 610.21997 | 96,121,800.00 |
| 2026-03-17 | 598.00 | 598.00 | 606.50 | 602.00 | 118,000 | 602.34998 | 71,076,896.00 |
| 2026-03-16 | 607.00 | 593.50 | 610.00 | 595.00 | 194,460 | 597.48999 | 116,188,000.00 |
| 2026-03-13 | 604.00 | 601.00 | 611.00 | 605.00 | 88,660 | 605.47998 | 53,681,600.00 |
| 2026-03-12 | 608.00 | 600.00 | 608.50 | 600.00 | 116,990 | 601.79999 | 70,404,800.00 |
| 2026-03-11 | 602.00 | 602.00 | 610.00 | 605.00 | 85,860 | 606.10999 | 52,040,200.00 |
| 2026-03-10 | 593.00 | 593.00 | 605.50 | 599.50 | 227,120 | 599.45001 | 136,146,000.00 |
| 2026-03-09 | 615.00 | 586.00 | 615.00 | 590.00 | 398,420 | 590.53003 | 235,278,000.00 |
| 2026-03-06 | 613.00 | 605.00 | 620.00 | 617.00 | 142,390 | 616.15997 | 87,735,400.00 |
| 2026-03-05 | 602.00 | 602.00 | 613.00 | 613.00 | 177,540 | 610.33002 | 108,358,000.00 |
| 2026-03-04 | 616.00 | 600.00 | 616.00 | 601.50 | 245,460 | 602.33002 | 147,848,000.00 |
| 2026-03-03 | 624.00 | 607.00 | 628.50 | 610.00 | 609,520 | 613.95001 | 374,214,016.00 |
| 2026-03-02 | 625.00 | 619.00 | 628.00 | 625.00 | 227,950 | 624.66998 | 142,392,992.00 |
| 2026-02-27 | 625.00 | 620.00 | 638.00 | 638.00 | 771,180 | 632.92999 | 488,107,008.00 |
| 2026-02-26 | 628.00 | 625.00 | 640.00 | 625.00 | 451,420 | 630.76001 | 284,739,008.00 |
| 2026-02-25 | 632.00 | 616.00 | 638.50 | 620.00 | 515,180 | 627.31 | 323,176,000.00 |
| 2026-02-24 | 624.00 | 624.00 | 632.00 | 632.00 | 134,560 | 630.69 | 84,866,000.00 |
| 2026-02-23 | 616.00 | 615.00 | 632.00 | 620.00 | 221,240 | 624.70001 | 138,210,000.00 |
| 2026-02-20 | 608.00 | 601.00 | 616.00 | 616.00 | 256,020 | 612.04999 | 156,696,992.00 |
| 2026-02-19 | 601.00 | 598.00 | 610.00 | 610.00 | 203,130 | 604.58002 | 122,808,000.00 |
| 2026-02-18 | 598.00 | 595.50 | 608.00 | 601.00 | 151,650 | 602.64001 | 91,389,800.00 |
| 2026-02-16 | 596.00 | 593.50 | 602.00 | 598.00 | 148,920 | 597.31 | 88,951,200.00 |
617.50
| Shares Type | Common |
| Incorporation Date | 07-May-1919 |
| Corporate Life | 50 |
| Stakeholders' Meeting | May - last Tuesday |
| Fiscal Year | December 31 |
| External Auditor | SyCip, Gorres, Velayo & Company |
| Stock Transfer Agent | RCBC Trust Corporation |
| Issued Shares | 1,127,271,117 |
| Listed Shares | 1,127,271,117 |
| Outstanding Shares | 1,127,092,509 |
| Free Float Level | 26.09% |
| Market Capitalization | |
| ISIN | PHY5764J1483 |
| Issue Type | Common |
| Listing Date | 1992-01-08 |
| Board Lot | 10 |
| Par Value | 10 |
| Foreign Ownership Limit | 40 |
| Year-end EPS | 33.74 |
| Year-end EPS Period | 2023-12-31 |
| Interim Period | 9 months Sep-24 |