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How to buy Contact Energy shares (CEN)

Learn how to easily invest in Contact Energy shares on the NZX.

Contact Energy Limited is a New Zealand electricity generator and retailer that also sells piped gas, bottled gas and broadband. Ordinary shares in Contact Energy (CEN) are traded on the New Zealand Exchange (NZX).

Here’s how Kiwi investors can buy CEN shares on the NZX.

How to buy shares in Contact Energy on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Contact Energy. Find the stock by name or ticker symbol: CEN. 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 Contact Energy reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Contact Energy, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Contact 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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Contact Energy overview and background

Contact Energy was founded in 1996 after acquiring assets from the government-owned Electricity Corporation of New Zealand Ltd (ECNZ). It’s now one of the country’s largest electricity generators and listed companies.

The company owns and operates 11 power stations, with up to 85% of its electricity produced from renewable hydro and geothermal stations. It’s also a retailer of electricity, gas and broadband, and boasts in excess of 550,000 customers.

Headquartered in Wellington, Contact Energy employs approximately 1,000 people throughout New Zealand.

Performance and company results

Contact Energy released its full-year results for the 2020 financial year in August 2020. Key results in the report included:

  • EBITDAF of $451 million (down by 11%)
  • Profit of $125 million (down by 26%)
  • Underlying profit of $129 million (down by 22%)
  • 39 cents dividend per share
  • Operating free cash flow per share of $290 million (down by 13%)

Key details

NameContact Energy LimitedIndustryUtilities-Independent Power Producers
Ticker symbolCENISINNZCENE0001S6
TypeOrdinary sharesDate listed on NZX11 May 1999
End of financial yearJuneChief executive officerMike Fuge
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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