Head-To-Head Analysis: Edison International (NYSE:EIX) and AltC Acquisition (NYSE:ALCC)

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

Volatility and Risk

Edison International has a beta of 0.92, indicating that its stock price is 8% less 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 Edison International and AltC Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Edison International	8.52%	13.17%	2.55%
AltC Acquisition	N/A	-85.44%	2.50%

Insider & Institutional Ownership

89.0% of Edison International shares are owned by institutional investors. Comparatively, 85.0% of AltC Acquisition shares are owned by institutional investors. 1.0% of Edison International shares are owned by company insiders. Comparatively, 21.8% of AltC Acquisition shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Edison International and AltC Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Edison International	1	3	7	0	2.55
AltC Acquisition	0	0	0	0	N/A

Edison International currently has a consensus price target of $88.36, indicating a potential upside of 8.92%. Given Edison International’s higher possible upside, equities analysts plainly believe Edison International is more favorable than AltC Acquisition.

Earnings and Valuation

This table compares Edison International and AltC Acquisition”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Edison International	$16.34 billion	1.92	$1.41 billion	$3.41	23.79
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

Edison International has higher revenue and earnings than AltC Acquisition.

Summary

Edison International beats AltC Acquisition on 9 of the 10 factors compared between the two stocks.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; distribution system consists of approximately 38,000 circuit-miles of overhead lines; approximately 31,000 circuit-miles of underground lines; and 730 distribution substations. The company was founded in 1886 and is based in Rosemead, California.

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.