CEMIG (NYSE:CIG) & AltC Acquisition (NYSE:ALCC) Critical Contrast

CEMIG (NYSE:CIG) and AltC Acquisition (NYSE:ALCC) are both utilities companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, risk, dividends and earnings.

Risk and Volatility

CEMIG has a beta of 1.29, indicating that its stock price is 29% more volatile than the S&P 500. Comparatively, AltC Acquisition has a beta of -0.06, indicating that its stock price is 106% less volatile than the S&P 500.

Profitability

This table compares CEMIG and AltC Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
CEMIG	14.81%	22.54%	9.91%
AltC Acquisition	N/A	-85.44%	2.50%

Analyst Recommendations

This is a breakdown of recent recommendations for CEMIG and AltC Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CEMIG	0	1	2	0	2.67
AltC Acquisition	0	0	0	0	N/A

CEMIG presently has a consensus target price of $2.12, indicating a potential upside of 13.73%. Given CEMIG’s higher probable upside, equities research analysts clearly believe CEMIG is more favorable than AltC Acquisition.

Institutional and Insider Ownership

85.0% of AltC Acquisition shares are owned by institutional investors. 21.8% of AltC Acquisition shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares CEMIG and AltC Acquisition’s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CEMIG	$7.38 billion	0.72	$1.15 billion	$0.40	4.65
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

CEMIG has higher revenue and earnings than AltC Acquisition.

Summary

CEMIG beats AltC Acquisition on 8 of the 10 factors compared between the two stocks.

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.

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.