Jefferies Raises its Price Target on The Williams Companies, Inc. (WMB) to $81 and Maintains a Buy Rating

Core Insights - The Williams Companies, Inc. (NYSE:WMB) is recognized as one of the best all-time high stocks to buy according to Wall Street [1] - Jefferies and UBS have both raised their price targets for Williams, indicating strong market confidence in the company's growth potential [1][2] Financial Performance - Williams reported Q4 adjusted EPS of $0.55, slightly below the consensus estimate of $0.57 [4] - The company achieved a record adjusted EBITDA of $7.75 billion in 2025, reflecting a five-year adjusted EBITDA CAGR of 9% and a five-year EPS CAGR of 14% [4][5] - For 2026, the adjusted EBITDA guidance is set at $8.2 billion at the midpoint, supported by pipeline transmission and offshore projects [5] Growth Projections - Jefferies expects Williams to deliver a 12% to 13% EBITDA compound annual growth rate through FY30, with a sustainable EBITDA trajectory of over 10% beyond 2030 [1] - UBS highlighted a power generation backlog of approximately $7.3 billion, which is expected to generate about $1.4 billion in annual EBITDA by 2029 [2] Business Segments - The Williams Companies operates energy infrastructure assets in the United States through various segments, including Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services [6]