Analysis of the Effect of Capital Structure, Investment, and Dividens on the Stock Prices of Energi Companies Listed on the Indonesia Stock Exchange

This study aims to analyze the effect of capital structure, investment, and dividends on stock prices in energy companies listed on the Indonesia Stock Exchange from 2020 to 2023. The phenomenon of declining stock prices in 2020–2021 due to COVID-19 and the subsequent increase in 2022–2023 post-COVID-19, which remains unstable, forms the basis for this study. This study employs a quantitative approach using purposive sampling on 40 energy companies listed on the Indonesia Stock Exchange (IDX), with 10 companies selected after sampling. Data analysis was conducted using IBM SPSS 27. The results indicate that the three independent variables—capital structure, investment, and dividends—do not significantly influence the dependent variable, stock prices.