ENSTAR GROUP SHARES SOLD BY ALLSPRING GLOBAL INVESTMENTS HOLDINGS LLC
October 12, 2022
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Enstar Group Stock Intrinsic Value – Enstar Group ($NASDAQ:ESGR) Limited is a Bermuda-based holding company engaged in insurance and reinsurance businesses. The Company’s segments include Run-off, which consists of operations related to businesses that the Company has exited or is exiting; Starstone, which provides excess and surplus lines insurance; Atrium, which provides property and casualty reinsurance; and Enstar Natural Gas, which provides gas utility services. Allspring Global Investments Holdings LLC sold its shares in Enstar Group Limited.
Stock Price
Media coverage of the sale has been mostly neutral. ENSTAR Group opened at $183.70 on Monday and closed at $181.70, down 0.90% from the previous closing price of $183.30.
VI Analysis – Enstar Group Stock Intrinsic Value
ENSTAR Group Inc. is a holding company that provides natural gas utility services to customers in the United States and the United Kingdom. The company operates through two segments: Gas Utilities and StarGas Partners. The Gas Utilities segment delivers natural gas to customers through its regulated utilities. The StarGas Partners segment provides natural gas marketing, propane, and other related services to commercial, industrial, and residential customers.
ENSTAR Group’s fundamentals reflect its long-term potential. The intrinsic value of ENSTAR Group’s shares is around $200.1, calculated by VI Line. ENSTAR Group’s shares are currently trading at $181.7, which means they are undervalued by 9%.
Summary
ENSTAR Group Holdings LLC is an independent provider of natural gas and electricity in the United States. The company operates through two segments: Gas Distribution and Electric Generation. The Gas Distribution segment provides natural gas to residential, commercial, and industrial customers in the states of Alabama, Georgia, and Florida. The Electric Generation segment owns and operates natural gas-fired electric generation facilities in the state of Alabama.
