Scotiabank Lifts PT on The Williams Companies (WMB) Stock

The Williams Companies, Inc. (NYSE:WMB) is one of the Best Stocks to Buy According to Brasada Capital Management. On July 15, Scotiabank lifted the price target on the company’s stock to $60 from $59, while keeping a “Sector Perform” rating. While Q2 2025 was challenging, companies operating in the US Midstream sector largely kept their FY outlooks, believes the firm’s analyst. Furthermore, the firm favors Permian-levered names and has a preference for gas, considering the basin’s highest relative resiliency in a lower commodity price tape. The Williams Companies, Inc. (NYSE:WMB)’s base business supported the higher earnings for Q1 2025, with recently commissioned Transco projects contributing additional fee-based revenues. However, its consolidated Crowheart upstream operations also fueled growth.

A bird’s-eye view of an oil & gas midstream platform in the Gulf of Mexico on a clear day.

Due to its recent investment in Cogentrix Energy and the continued outperformance of its base business, The Williams Companies, Inc. (NYSE:WMB) raised its adjusted EBITDA guidance midpoint by $50 million to $7.7 billion. The company continues to execute on a string of high-return projects, which can accelerate earnings growth during the balance of the year, while adding significant projects to The Williams Companies, Inc. (NYSE:WMB)’s backlog. The company commercialized Socrates, its first Power Innovation project, which can deliver speed-to-market solutions for growing AI demand in Ohio.

Carillon Tower Advisers, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:

“The Williams Companies, Inc. (NYSE:WMB) performed well because investors expect it to benefit from growing demand for natural gas over the next several years or even decades. Liquid natural gas exports, onshoring, and data center buildouts could place upward pressure on the company’s volumes across its midstream portfolio. We believe that the company’s share price continues to discount this future benefit due to a very challenging overall energy backdrop.”

The Williams Companies, Inc. (NYSE:WMB) operates as an energy infrastructure company.

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Disclosure: None. This article is originally published at Insider Monkey.