Head-To-Head Review: Enel Generación Chile (OTCMKTS:EOCCY) and AltC Acquisition (NYSE:ALCC)

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

Insider and Institutional Ownership

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

Valuation and Earnings

This table compares Enel Generación Chile and AltC Acquisition’s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Enel Generación Chile	$2.04 billion	1.26	$274.88 million	N/A	N/A
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

Enel Generación Chile has higher revenue and earnings than AltC Acquisition.

Analyst Recommendations

This is a breakdown of recent ratings for Enel Generación Chile and AltC Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Enel Generación Chile	0	0	0	0	N/A
AltC Acquisition	0	0	0	0	N/A

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Enel Generación Chile	-13.90%	-37.57%	-20.67%
AltC Acquisition	N/A	-88.20%	2.56%

Risk & Volatility

Enel Generación Chile has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500. Comparatively, AltC Acquisition has a beta of 0.04, suggesting that its share price is 96% less volatile than the S&P 500.

About Enel Generación Chile

Enel Generación Chile S.A., an electric utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company generates electricity through hydro, thermal, and wind power sources. As of December 31, 2019, it had 6,114 megawatts of installed capacity with 28 generation facilities and a total of 110 generation units. The company also supplies its electricity to regulated electricity distribution companies; unregulated industrial firms primarily in the mining, pulp, and steel sectors; and the pool market. Further it provides engineering consulting services. The company was formerly known as Empresa Nacional de Electricidad S.A. and changed its name to Enel Generación Chile S.A. in November 2016. The company was founded in 1943 and is headquartered in Santiago, Chile. Enel Generación Chile S.A. is a subsidiary of Enel Chile S.A.

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.