AltC Acquisition (NYSE:ALCC – Get Free Report) and CenterPoint Energy (NYSE:CNP – Get Free Report) are both oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, risk, dividends, analyst recommendations, earnings and valuation.
Risk and Volatility
AltC Acquisition has a beta of -0.06, meaning that its share price is 106% less volatile than the S&P 500. Comparatively, CenterPoint Energy has a beta of 0.92, meaning that its share price is 8% less volatile than the S&P 500.
Analyst Recommendations
This is a breakdown of current ratings and target prices for AltC Acquisition and CenterPoint Energy, as provided by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
AltC Acquisition | 0 | 0 | 0 | 0 | N/A |
CenterPoint Energy | 1 | 3 | 6 | 0 | 2.50 |
Valuation and Earnings
This table compares AltC Acquisition and CenterPoint Energy’s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
AltC Acquisition | N/A | N/A | $11.87 million | N/A | N/A |
CenterPoint Energy | $8.70 billion | 2.23 | $917.00 million | $1.42 | 21.35 |
CenterPoint Energy has higher revenue and earnings than AltC Acquisition.
Profitability
This table compares AltC Acquisition and CenterPoint Energy’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
AltC Acquisition | N/A | -85.44% | 2.50% |
CenterPoint Energy | 11.03% | 10.57% | 2.61% |
Insider and Institutional Ownership
85.0% of AltC Acquisition shares are held by institutional investors. Comparatively, 91.8% of CenterPoint Energy shares are held by institutional investors. 21.8% of AltC Acquisition shares are held by insiders. Comparatively, 0.2% of CenterPoint Energy shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Summary
CenterPoint Energy beats AltC Acquisition on 9 of the 10 factors compared between the two stocks.
About AltC Acquisition
AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp. in February 2021. AltC Acquisition Corp. was incorporated in 2021 and is based in New York, New York.
About CenterPoint Energy
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market. The Natural Gas segment engages in the intrastate natural gas sales, and natural gas transportation and distribution for residential, commercial, industrial and institutional customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas; permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies; and provides maintenance and repair services of home appliances to customers in Minnesota and home repair protection plans to natural gas customers in Indiana, Mississippi, Ohio, and Texas through a third party. It serves approximately 2,534,730 metered customers; owned 348 substations with transformer capacity of 79,719 megavolt amperes; and owned and operated 217 miles of intrastate pipeline in Louisiana and Texas. The company was founded in 1866 and is headquartered in Houston, Texas.
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