Morgan Stanley Raises its Price Target on The Williams Companies (WMB)

The Williams Companies, Inc. (NYSE:WMB) is one of the 12 Most Profitable Stocks to Invest In.

On May 20, 2026, Morgan Stanley raised the firm’s price target on The Williams Companies, Inc. (NYSE:WMB) to $98 from $90 previously and maintained an Overweight rating on the shares.

Scotiabank analyst Brandon Bingham also raised the firm’s price target on The Williams Companies, Inc. (NYSE:WMB) to $86 from $85 and maintained an Outperform rating on the shares. Bingham said the Q1 reporting period showed midstream companies’ capacity and ability to capture outsized earnings during periods of turbulence and shock. Similarly, UBS analyst Manav Gupta raised the firm’s price target on The Williams Companies, Inc. (NYSE:WMB) to $91 from $89 and maintained a Buy rating. Gupta said Williams continues to grow its business at a pace that exceeds expectations and cited potential EBITDA upside of $1.93B by 2029 from projects including Socrates, Atlas, Apollo, Aquila, Socrates the Younger, and Neo.

On May 4, 2026, The Williams Companies, Inc. (NYSE:WMB) reported Q1 EPS of 73c, ahead of the consensus estimate of 62c. Revenue totaled $3.03B, below the consensus estimate of $3.27B. President and CEO Chad Zamarin said Williams delivered a “strong first quarter,” supported by its natural gas-focused strategy and premier assets. Zamarin added that first-quarter GAAP net income increased 25% year-over-year to $864 million, while adjusted EBITDA grew 13% year-over-year to $2.254 billion, driven by Transco expansion projects, new Gulf volumes, higher storage revenues, and higher gathering volumes in the West.

The Williams Companies, Inc. (NYSE:WMB) operates as an energy infrastructure company primarily in the United States.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.