Edison International is one of the largest electric utility holding companies in the United States. It is the parent company of Southern California Edison, one of the largest electric utilities in the United States, and Edison Energy, a provider of energy services to commercial, industrial and residential customers. The company's stock has been traded on the New York Stock Exchange (NYSE) since 1984, and is currently listed under the ticker symbol EIX. In this article, we will take a look at the Edison International stock price history to get an idea of the company's performance over the years.
Edison International's Stock Price: 1984 to 2018
Edison International's stock price has seen its share of ups and downs since it was first listed on the NYSE in 1984. In the early years, the stock traded as low as $1.50 per share in 1985 and hit a high of $13.50 per share in 1997. However, the stock price saw a sharp decline in the early 2000s, falling to an all-time low of $2.50 per share in 2002. From 2002 to 2005, the stock price generally stayed in the range of $3.00 to $6.00 per share. In 2006, the stock price rose to its highest level to date, reaching $14.50 per share.
Edison International's Stock Price: 2006 to 2010
From 2006 to 2010, the Edison International stock price rose steadily, reaching a high of $17.50 per share in 2008. However, the stock price dropped back down to $13.50 per share in 2009 due to the financial crisis. In 2010, the stock price recovered slightly, reaching $15.50 per share. During this period, the company was able to maintain its dividend, which was paid quarterly and ranged from $0.30 to $0.35 per share.
Edison International's Stock Price: 2011 to 2015
The Edison International stock price rose steadily from 2011 to 2015, reaching a high of $27.50 per share in 2014. During this period, the company was able to increase its dividend to $0.50 per share. In 2015, the stock price dropped to $19.50 per share due to a decrease in the demand for electricity and a drop in the price of natural gas.
Edison International's Stock Price: 2016 to 2021
From 2016 to 2021, the Edison International stock price has generally been in the range of $19.50 to $26.50 per share. The company was able to maintain its dividend, which was increased to $0.60 per share in 2020. The stock price hit a high of $27.50 per share in 2020, which is its highest level since 2014.
Edison International's Stock Price Forecast for 2022 and 2023
According to analysts, the Edison International stock price is expected to increase to $30.00 per share by the end of 2022 and could reach $35.00 per share by the end of 2023. The company is expected to continue to increase its dividend each year and the stock price is expected to benefit from the company's focus on clean energy initiatives and its commitment to providing reliable and affordable electricity to customers.
Conclusion
The Edison International stock price has had its share of ups and downs since it was first listed on the NYSE in 1984. However, the stock price has generally been on an upward trend since 2011 and the company has been able to maintain its dividend each year. Analysts are expecting the stock price to reach a high of $35.00 per share by the end of 2023, which could provide investors with an attractive return on their investment.