Morgan Stanley Upheld Buy Rating for The Williams Companies (WMB)

The Williams Companies, Inc. (NYSE:WMB) is one of the 11 Best Pipeline and MLP Stocks to Buy in 2026.

On January 28, 2026, Morgan Stanley’s analyst Robert Kad reiterated a Buy rating on The Williams Companies, Inc. (NYSE:WMB). The analyst maintained a price target of $83. Previously, the stock’s price target was raised by Scotiabank’s Brandon Bingham, who increased it from $61 to $66 while keeping a Sector Perform rating, on January 16, 2026. The analyst noted increased opportunities for Energy infrastructure stocks, driven by strong power demand and LNG exports.

In another development, the PJM Board of Managers, on January 16, 2026, proposed a 2026 plan to integrate data centers and large load customers. The plan involves a series of steps to be taken to address grid reliability and affordability through several proposals. It introduces a connect and manage framework for large loads and a backstop generation procurement process. Along with The Williams Companies, Inc. (NYSE:WMB), several other companies are identified as potential critical infrastructure partners in bridging the gap between surging data center demand and grid reliability.

A major Fortune 500 energy infrastructure company, The Williams Companies, Inc. (NYSE:WMB), founded in 1908, handles approximately one-third of the natural gas used in the U.S. The Oklahoma-based company specializes in gathering, processing, and interstate transportation of natural gas.

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