How to Buy Eversource Energy Stock
Eversource Energy
Eversource Energy is a regulated electric utility company located in Massachusetts, United States, which is part of the Utilities sector, and is traded under the ticker ES on the NYSE exchange.
Eversource Energy stock last closed at $59.69, up 1.19% from the previous day, and has decreased 24.43% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.13 percentage points. Eversource Energy stock is currently +14.72% from its 52-week low of $52.03, and -25.31% from its 52-week high of $79.92.
As of Apr 19, 2024, there are 349.69M shares of ES outstanding. The market value of ES is $20.87B. In the past 24 hours, 2.31M ES shares were traded.
How to Buy Eversource Energy Stock
Wondering how to invest in Eversource Energy stock? Here's how.
- Figure out where to buy Eversource Energy stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Eversource Energy stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your payment method and add your info.
- Analyze Eversource Energy stock: The Eversource Energy ticker symbol is ES. Is Eversource Energy stock a good investment? Should you buy shares of ES? How do ES's underlying business fundamentals look? Do top analysts think Eversource Energy is a good buy? Why has ES's stock price moved recently? (Hint: Our stock research tools can help you evaluate if ES is a good stock to buy).
- Make your ES purchase: Decide if you will purchase ES shares at the current market price or use a limit order to buy ES stock at a specific price.
- Keep tabs on your ES investment: Create a watchlist to get the latest news on your investment in Eversource Energy stock.
Step 1: Figure out where to buy Eversource Energy stock
You will need a brokerage account in order to access the NYSE market and buy ES stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you can invest in ES stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new brokerage account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on app for stock market, you need to deposit funds:
Check out the video below if you need help transferring funds into your new investment account.
Step 4: Analyze Eversource Energy stock
Once you have identified the best place to buy Eversource Energy stock, it's important to analyze their stock before you invest, so you can understand the risk and opportunity.
Eversource Energy shares at a glance
Eversource Energy Zen Score
WallStreetZen was built to help average investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ES's stock page.
Is ES stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge ES's true value.
Using relative valuations ratios:
- ES could be undervalued based on its P/B ratio of 1.47x, relative to Utilities - Regulated Electric industry P/B ratio of 1.62x
You can access more valuation research on ES's stock here.
ES Financials at a glance
Signs that ES is not financially healthy:
- ES has $53.87M in cash and short term investments. This is not sufficient to cover its annual cash burn of $2.69B.
- There are more short-term liabilities than short-term assets on the ES balance sheet.
- ES has cash burn of 2690688000. It does not have enough cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the ES balance sheet.
- ES has a relatively high debt to equity ratio of 2.92.
- ES profit margin has gone down from 11.4% to -3.7% in the past year.
- Total ES debt is higher than 5 years ago, relative to shareholder equity.
Is ES stock a Buy, Hold, or Sell, according to analysts?
Out of 13 Wall Street analysts who monitor ES, the consensus analyst rating on Eversource Energy is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ES Analyst Upgrades/Downgrades
James Thalacker, a top 20% analyst from BMO Capital maintains ES with a hold rating and raises their ES price target from $63.00 to $64.00, on Feb 15, 2024.
Paul Fremont, a top 21% analyst from Mizuho upgrades ES to a strong buy rating and raises their ES price target from $54.00 to $62.00, on Feb 15, 2024.
Anthony Crowdell, a top 20% analyst from Mizuho maintains ES with a hold rating and lowers their ES price target from $63.00 to $54.00, on Jan 25, 2024.
Shahriar Pourreza, a top 39% analyst from Guggenheim upgrades ES to a strong buy rating and raises their ES price target from $60.00 to $72.00, on Jan 22, 2024.
Eric Beaumont, a top 13% analyst from Barclays maintains ES with a hold rating and lowers their ES price target from $66.00 to $61.00, on Jan 22, 2024.
You can dive deeper into what analysts are forecasting on the Eversource Energy stock forecast page.
Metrics for Advanced ES Traders
How are ES Revenues/Earnings doing?
Last year, ES revenue was $11.91B. In the past five year, ES's revenue has increased by 7.11% per year. This was faster than the Utilities - Regulated Electric industry average of 4.03%.
Find out more about ES's earnings and revenue performance here.
Who is buying/selling ES?
In the past 12 months, executives and large shareholders at ES have sold more shares than they have bought.
Linda Dorcena Forry, was the latest ES insider to sell. They sold $47,774.64 worth of ES shares on Mar 1, 2024.
Learn more about who owns ES shares here.
Can I get consistent income from ES stock?
Eversource Energy pays a dividend of 4.59%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.98%. If you owned $1,000 of ES stock, you would have received $45.90 last year.
Eversource Energy dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Eversource Energy dividend yield and history here.
Get analysis from other traders
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your ES purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Press the Open button and eToro will place the order.
If you need additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your ES investment
Now that you own some ES stock, you'll want to keep up with your investment.
Start a watchlist to track your ES stock.
ES Feed
How to Buy Stock in Eversource Energy
To summarize, here are the 6 steps to buy stock in Eversource Energy:
- Figure out where to buy Eversource Energy stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Analyze Eversource Energy stock
- Make your ES purchase
- Keep tabs on your ES investment
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Eversource Energy, add ES to your watchlist below.
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