Here’s What Wall Street Thinks of Williams Companies (WMB)

Core Viewpoint - The Williams Companies, Inc. (NYSE:WMB) is recognized as one of the top American energy stocks to invest in, with positive ratings from major financial institutions like UBS and Goldman Sachs [1][4]. Group 1: Project Developments - The Northeast Supply Enhancement (NESE) project has secured key water permits and is awaiting air permits, with a target to be operational by Q4 2027. It is projected to generate approximately $150 million in EBITDA, based on a build multiple of 6-7 times [2]. - The Constitution pipeline project is seeking a reissued Certificate of Public Convenience and Necessity, with construction expected to begin in Q4 2026 and operational by April 2028. This project is estimated to cost around $1.2 billion and could contribute about $180 million in additional EBITDA, also based on a 6-7 times build multiple [3]. Group 2: Financial Projections - Goldman Sachs has raised its price target for The Williams Companies from $55 to $64 while maintaining a Neutral rating. The firm anticipates EBITDA of $8.23 billion in 2026, which is lower than previous estimates and consensus forecasts [4]. - The company is projected to achieve a compound annual growth rate (CAGR) of approximately 8% from 2025 to 2030, potentially increasing to 13% if it can execute an additional 1 gigawatt per year of behind-the-meter (BTM) projects between 2027 and 2030 [5]. Group 3: Company Overview - The Williams Companies, Inc. is a prominent American energy firm specializing in natural gas processing, transportation, and related services, operating a pipeline infrastructure that transports about one-third of the natural gas in the United States [6].