Critical Survey: OGE Energy (NYSE:OGE) vs. AltC Acquisition (NYSE:ALCC)

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

Risk & Volatility

OGE Energy has a beta of 0.74, meaning that its stock price is 26% less volatile than the S&P 500. Comparatively, AltC Acquisition has a beta of -0.06, meaning that its stock price is 106% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and price targets for OGE Energy and AltC Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
OGE Energy	0	5	0	0	2.00
AltC Acquisition	0	0	0	0	N/A

OGE Energy currently has a consensus price target of $33.60, indicating a potential downside of 12.61%. Given OGE Energy’s higher possible upside, analysts clearly believe OGE Energy is more favorable than AltC Acquisition.

Earnings & Valuation

This table compares OGE Energy and AltC Acquisition’s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
OGE Energy	$2.71 billion	2.84	$416.80 million	$1.97	19.52
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

OGE Energy has higher revenue and earnings than AltC Acquisition.

Insider and Institutional Ownership

71.8% of OGE Energy shares are owned by institutional investors. Comparatively, 85.0% of AltC Acquisition shares are owned by institutional investors. 0.5% of OGE Energy shares are owned by insiders. Comparatively, 21.8% of AltC Acquisition shares are owned 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.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
OGE Energy	14.63%	8.89%	3.11%
AltC Acquisition	N/A	-85.44%	2.50%

Summary

OGE Energy beats AltC Acquisition on 7 of the 9 factors compared between the two stocks.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. OGE Energy Corp. was founded in 1902 and is headquartered in Oklahoma City, Oklahoma.

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.