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Origin Energy Limited (ORG.AX)

9.78

-0.06

(-0.61%)

At close: 4:10 PM GMT+10

UPDATE 2-Australia's Origin Energy picks insider Lucas as CFO amid shift to renewables

Origin Energy picked insider Tony Lucas as its new finance chief on Thursday as the Australian electricity retailer focuses on its transition towards greener forms of energy. Currently the executive general manager of Origin's future energy and technology division, Lucas will take charge from July 1 after Lawrie Tremaine leaves the chief financial officer (CFO) role on June 30. "The announcement underlines the company's commitment to internal growth and progression, but it also points to potential strategic shifts, especially its future energy trajectory – an area where Lucas has significant expertise," said Josh Gilbert, a market analyst at eToro.

Reuters 13 days ago

ORG.AX
-0.61%
POWER Digest [March 2024]

Dominion Secures Final Approvals for 2.6-GW Offshore Wind Project. Dominion Energy on Jan. 30 said it received the last two major federal approvals needed to kick off construction of its 2.6-GW Coastal

POWER Magazine last month

ORG.AX
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UPDATE 2-Australia's Origin Energy half-year profit tops forecasts on higher power prices

Australia's Origin Energy on Thursday posted a 17-fold jump in underlying profit, raised its full year outlook and announced a bigger-than-expected dividend in its first result since its top shareholder blocked a $10.6 billion takeover. The buoyant results go some way to validating the opposition of AustralianSuper to last year's A$9.39 per share bid led by Brookfield, which Australia's largest pension fund argued was too cheap. "I am confident in Origin's prospects and believe we are uniquely positioned to capture value from the energy transition."

Reuters 2 months ago

ORG.AX
-0.61%
REFILE-UPDATE 3-Australia's Origin Energy half-year profit tops forecasts on higher power prices

Australia's Origin Energy on Thursday posted a 17-fold jump in underlying profit, raised its full year outlook and announced a bigger-than-expected dividend in its first result since its top shareholder blocked a $10.6 billion takeover. The buoyant results go some way to validating the opposition of AustralianSuper to last year's A$9.39 per share bid led by Brookfield, which Australia's largest pension fund argued was too cheap. "I am confident in Origin's prospects and believe we are uniquely positioned to capture value from the energy transition."

Reuters 2 months ago

ORG.AX
-0.61%
Brookfield Renewable Partners (BEP) Q4 2023 Earnings Call Transcript

BEP earnings call for the period ending December 31, 2023.

Motley Fool 2 months ago

BEP

ORG.AX
-0.61%
Origin Energy Ltd's Dividend Analysis

Origin Energy Ltd(OGFGY) recently announced a dividend of $0.13 per share, payable on 2023-10-16, with the ex-dividend date set for 2023-09-05. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Origin Energy Ltd's dividend performance and assess its sustainability.

GuruFocus.com 3 months ago

ORG.AX
-0.61%
This Wealth-Creating Dividend Stock Swings and Misses at a Big Acquisition. Is It Still Worth Buying?

Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) fell short in its attempt to win shareholder approval for its takeover of Australian utility Origin Energy. The global renewable energy producer was working with several partners to take that company private to accelerate its transition to lower-carbon energy. The deal would have helped move the needle for Brookfield by providing near-term cash flow and long-term growth potential.

Motley Fool 4 months ago

BEP

ORG.AX
-0.61%
Investors want Origin Energy to consider green push, asset sale post takeover failure

Investors want Origin Energy to consider hiving off its gas assets or raising its green energy deployment target, among other ideas, to make Australia's largest energy retailer more valuable after the collapse of a Brookfield-led takeover bid. Origin Energy would return to "business as usual" and dust off its old strategy of building 4 gigawatts to 5 gigawatts of renewable power by 2030, chairman Scott Perkins said on Monday after opposition from pension giant AustralianSuper sunk the $10.6 billion bid from Brookfield and EIG.

Reuters 4 months ago

ORG.AX
-0.61%
Top headlines: Canadian banks have never had job cut 'carnage' like this, David Rosenberg says

The latest business news as it happens

Financial Post 4 months ago

BAM

ORG.AX
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Brookfield Acknowledges Result of the Origin Energy Shareholder Vote

SYDNEY, Australia, and TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM), together with its listed affiliate Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX BEP.UN, BEPC), acknowledges the announcement today by Origin Energy Limited (“Origin”) (ASX: ORG) of the result of Origin’s shareholder vote in respect of the previously announced Scheme of Arrangement with Brookfield, its institutional investors, and EIG. Origin’s shareholders voted 69% in favo

GlobeNewswire 4 months ago

BEPC

BAM

OGFGF
Brookfield says evaluating next steps after Origin bid fails

Private equity firm Brookfield said on Monday that it would evaluate its next steps after its buyout offer for Origin Energy was defeated at a shareholder vote. "In light of the result of the vote, Brookfield will evaluate its next steps, if any, with respect to Origin, given the strong level of Origin shareholder support for its proposal..."

Reuters 4 months ago

ORG.AX
-0.61%
Origin investors reject $10.6 billion Brookfield bid, company open to other funding

SYDNEY (Reuters) -Brookfield will walk away from Origin Energy, a source familiar with the matter said, after shareholders in Australia's largest power retailer rejected a $10.6 billion takeover bid by a consortium led by the asset manager on Monday. Final votes were 31.08% against the bid with 68.92% in favour, according to Origin's regulatory filings, lower than the 75% threshold required for a takeover to proceed. The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer.

Reuters 4 months ago

ORG.AX
-0.61%
UPDATE 6-Origin investors reject $10.6 bln Brookfield bid, company open to other funding

Brookfield will walk away from Origin Energy, a source familiar with the matter said, after shareholders in Australia's largest power retailer rejected a $10.6 billion takeover bid by a consortium led by the asset manager on Monday. Final votes were 31.08% against the bid with 68.92% in favour, according to Origin's regulatory filings, lower than the 75% threshold required for a takeover to proceed. The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer.

Reuters 4 months ago

ORG.AX
-0.61%
UPDATE 1-Brookfield's $10.6 bln bid for Origin Energy expected to fail on Monday

The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer. Origin's shares shed 3% to A$7.94 in early trade Monday ahead of the vote, a fresh-nine month low for the company, indicating investors expect Brookfield and its bidding partner EIG to walk away after the vote. Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer.

Reuters 4 months ago

ORG.AX
-0.61%
Brookfield's $10.6 billion bid for Origin Energy expected to fail on Monday

SYDNEY (Reuters) -The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer. Origin's shares shed 3% to A$7.94 in early trade Monday ahead of the vote, a fresh-nine month low for the company, indicating investors expect Brookfield and its bidding partner EIG to walk away after the vote. Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer.

Reuters 4 months ago

ORG.AX
-0.61%
Brookfield's $10.6 bln bid for Origin Energy expected to fail on Monday

The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer. Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which should be enough to block the bid that requires at least 75% support from the votes cast at the investor meeting in Sydney.

Reuters 4 months ago

ORG.AX
-0.61%
1 High-Yield Dividend Stock You Won't Regret Buying in December

Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has underperformed the market this year. Shares have lost about 4% of their value compared to a nearly 19% gain by the S&P 500. The decline gives investors a great entry point into the renewable-energy giant.

Motley Fool 4 months ago

BEP

ORG.AX
-0.61%
UPDATE 1-Brookfield to consider new Australia energy policy impact if Origin bid fails

Brookfield said on Friday it would consider the implications of Australia's new green energy policy on Origin Energy before making a new offer should its $10.6 billion bid for the firm be voted down by the takeover target's shareholders on Monday. The government plan announced last week to underwrite a massive expansion of clean energy in the electricity market, where Origin is a major player, has scrambled the outlook for electricity prices, future investment and existing plants. Brookfield Australia's head of renewable energy and transition, Luke Edwards, said should the shareholder vote fail, the private equity firm would further examine the government's proposed expansion to the Capacity Investment Scheme (CIS) and National Energy Transformation Partnership (NETP).

Reuters 4 months ago

ORG.AX
-0.61%
Brookfield to consider new Australia green energy policy on Origin Energy if takeover fails

Brookfield said on Friday it would consider the implications of Australia's new green energy policy on takeover target Origin Energy should its $10.6 billion bid for the firm fail on Monday. Brookfield Australia's head of renewable energy and transition, Luke Edwards, said the private equity firm would further examine the government's proposed expansion to the Capacity Investment Scheme (CIS) and National Energy Transformation Partnership (NETP).

Reuters 4 months ago

ORG.AX
-0.61%
UPDATE 2-Origin Energy says stranded LNG vessel in APLNG facility has departed

Australia's Origin Energy said on Friday its LNG vessel that had lost power and was stuck at the Australia Pacific LNG (APLNG) facility has departed. The power producer reported a power outage on Tuesday at the loaded tanker docked at the Curtis Island facility in APLNG, leading to delays in LNG cargo movement from the joint venture facility.

Reuters 4 months ago

ORG.AX
-0.61%

Performance Overview

Return	ORG.AX	S&P/ASX 200 [XJO]
YTD	+19.15%	+1.21%
1-Year	+23.73%	+4.93%
3-Year	+172.88%	+8.81%

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Origin Energy Limited (ORG.AX)

UPDATE 2-Australia's Origin Energy picks insider Lucas as CFO amid shift to renewables

POWER Digest [March 2024]

UPDATE 2-Australia's Origin Energy half-year profit tops forecasts on higher power prices

REFILE-UPDATE 3-Australia's Origin Energy half-year profit tops forecasts on higher power prices

Brookfield Renewable Partners (BEP) Q4 2023 Earnings Call Transcript

Origin Energy Ltd's Dividend Analysis

This Wealth-Creating Dividend Stock Swings and Misses at a Big Acquisition. Is It Still Worth Buying?

Investors want Origin Energy to consider green push, asset sale post takeover failure

Top headlines: Canadian banks have never had job cut 'carnage' like this, David Rosenberg says

Brookfield Acknowledges Result of the Origin Energy Shareholder Vote

Brookfield says evaluating next steps after Origin bid fails

Origin investors reject $10.6 billion Brookfield bid, company open to other funding

UPDATE 6-Origin investors reject $10.6 bln Brookfield bid, company open to other funding

UPDATE 1-Brookfield's $10.6 bln bid for Origin Energy expected to fail on Monday

Brookfield's $10.6 billion bid for Origin Energy expected to fail on Monday

Brookfield's $10.6 bln bid for Origin Energy expected to fail on Monday

1 High-Yield Dividend Stock You Won't Regret Buying in December

UPDATE 1-Brookfield to consider new Australia energy policy impact if Origin bid fails

Brookfield to consider new Australia green energy policy on Origin Energy if takeover fails

UPDATE 2-Origin Energy says stranded LNG vessel in APLNG facility has departed

Performance Overview