Head-To-Head Analysis: AltC Acquisition (NYSE:ALCC) vs. CenterPoint Energy (NYSE:CNP)

AltC Acquisition (NYSE:ALCC) and CenterPoint Energy (NYSE:CNP) are both oils/energy companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, profitability, dividends, analyst recommendations, risk, valuation and institutional ownership.

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%

Analyst Ratings

This is a breakdown of current ratings and recommmendations for AltC Acquisition and CenterPoint Energy, as reported by MarketBeat.

	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

CenterPoint Energy has a consensus target price of $31.00, indicating a potential upside of 4.77%. Given CenterPoint Energy’s higher possible upside, analysts clearly believe CenterPoint Energy is more favorable than AltC Acquisition.

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	2.18	$917.00 million	$1.42	20.84

CenterPoint Energy has higher revenue and earnings than AltC Acquisition.

Volatility and Risk

AltC Acquisition has a beta of -0.06, suggesting that its stock price is 106% less volatile than the S&P 500. Comparatively, CenterPoint Energy has a beta of 0.92, suggesting that its stock price is 8% less volatile than the S&P 500.

Insider & 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, 0.1% of CenterPoint Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

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.