AltC Acquisition (NYSE:ALCC) and Dominion Energy (NYSE:D) Head to Head Comparison

AltC Acquisition (NYSE:ALCC) and Dominion Energy (NYSE:D) are both oils/energy companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, earnings, institutional ownership, profitability, dividends, analyst recommendations and valuation.

Institutional and Insider Ownership

85.0% of AltC Acquisition shares are held by institutional investors. Comparatively, 73.0% of Dominion Energy shares are held by institutional investors. 21.8% of AltC Acquisition shares are held by insiders. Comparatively, 0.1% of Dominion Energy shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Risk & Volatility

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

Profitability

This table compares AltC Acquisition and Dominion 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%
Dominion Energy	11.63%	7.69%	1.91%

Analyst Recommendations

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

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

Dominion Energy has a consensus target price of $54.50, suggesting a potential downside of 5.79%. Given Dominion Energy’s higher possible upside, analysts clearly believe Dominion Energy is more favorable than AltC Acquisition.

Earnings & Valuation

This table compares AltC Acquisition and Dominion Energy”s revenue, earnings per share 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
Dominion Energy	$14.46 billion	3.36	$1.99 billion	$1.94	29.94

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 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 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.