Williams Companies (WMB) Gains Regulatory Approvals for NESE Project, TD Cowen Retains Buy Rating

Core Insights - The Williams Companies, Inc. (NYSE:WMB) is recognized as one of the 9 hot energy stocks to buy, having received crucial regulatory licenses for its Northeast Supply Enhancement (NESE) project from New Jersey and New York environmental authorities [1][2] Project Developments - The NESE project aims to enhance energy stability in New York City by increasing natural gas supply and replacing high-emitting fuel oil, with an expected investment of over $1 billion and long-term benefits for New York energy users [2] - The Constitution Pipeline project in upstate New York is also progressing, projected to create approximately 2,000 jobs annually over 15 years and save up to $11.6 billion by reducing natural gas prices in the Northeast [3] Market Analysis - TD Cowen has raised its price target for The Williams Companies, Inc. to $70 from $69, maintaining a Buy rating, following the company's historical 9% EBITDA CAGR mention, although there are questions about future performance at the upcoming February Investor Day [4]