AltC Acquisition (NYSE:ALCC – Get Free Report) and CEMIG (NYSE:CIG – Get Free Report) are both oils/energy companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, risk, profitability, institutional ownership and analyst recommendations.
Valuation & Earnings
This table compares AltC Acquisition and CEMIG’s 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 |
CEMIG | $7.38 billion | 0.73 | $1.15 billion | $0.40 | 4.71 |
CEMIG has higher revenue and earnings than AltC Acquisition.
Profitability
Net Margins | Return on Equity | Return on Assets | |
AltC Acquisition | N/A | -85.44% | 2.50% |
CEMIG | 14.81% | 22.80% | 10.00% |
Insider & Institutional Ownership
85.0% of AltC Acquisition shares are owned by institutional investors. 21.8% of AltC Acquisition shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Analyst Recommendations
This is a breakdown of recent recommendations and price targets for AltC Acquisition and CEMIG, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
AltC Acquisition | 0 | 0 | 0 | 0 | N/A |
CEMIG | 0 | 1 | 2 | 0 | 2.67 |
CEMIG has a consensus price target of $2.12, suggesting a potential upside of 12.22%. Given CEMIG’s higher probable upside, analysts plainly believe CEMIG is more favorable than AltC Acquisition.
Volatility & Risk
AltC Acquisition has a beta of -0.06, indicating that its share price is 106% less volatile than the S&P 500. Comparatively, CEMIG has a beta of 1.29, indicating that its share price is 29% more volatile than the S&P 500.
Summary
CEMIG beats AltC Acquisition on 8 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 CEMIG
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.
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