Contrasting AltC Acquisition (NYSE:ALCC) and Dominion Energy (NYSE:D)

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

Institutional & Insider Ownership

73.0% of Dominion Energy shares are held by institutional investors. Comparatively, 85.0% of AltC Acquisition shares are held by institutional investors. 0.1% of Dominion Energy shares are held by insiders. Comparatively, 21.8% of AltC Acquisition shares are held 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 Ratings

This is a summary of recent ratings and recommmendations for Dominion Energy and AltC Acquisition, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Dominion Energy	0	8	2	0	2.20
AltC Acquisition	0	0	0	0	N/A

Dominion Energy presently has a consensus target price of $54.50, suggesting a potential downside of 4.65%. Given Dominion Energy’s higher probable upside, analysts clearly believe Dominion Energy is more favorable than AltC Acquisition.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Dominion Energy	11.63%	7.69%	1.91%
AltC Acquisition	N/A	-85.44%	2.50%

Risk & Volatility

Dominion Energy has a beta of 0.6, meaning that its share price is 40% less volatile than the S&P 500. Comparatively, AltC Acquisition has a beta of -0.06, meaning that its share price is 106% less volatile than the S&P 500.

Valuation and Earnings

This table compares Dominion Energy and AltC Acquisition”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Dominion Energy	$14.46 billion	3.31	$1.99 billion	$1.94	29.46
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

Dominion Energy has higher revenue and earnings than AltC Acquisition.

Summary

Dominion Energy beats AltC Acquisition on 7 of the 10 factors compared between the two stocks.

About Dominion Energy

Dominion Energy, Inc. produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.4 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation and renewable natural gas facility. As of December 31, 2023, the company's portfolio of assets included approximately 29.5 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 79,300 miles of electric distribution lines; and 94,800 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

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.