Bank of America is Bullish on The Williams Companies, Inc. (WMB)

Core Insights - The Williams Companies, Inc. (NYSE:WMB) is recognized as one of the top energy stocks to buy according to Goldman Sachs [1] - Bank of America raised its price target for WMB from $79 to $87 while maintaining a Buy rating, citing significant development prospects for natural-gas-levered companies [1] - The company is expected to have further opportunities beyond 2030 [1] Financial Performance - WMB forecasts adjusted earnings for 2026 to be between $2.20 and $2.38 per share, exceeding the analyst average estimate of $2.28 [2] - The company increased its annual dividend by 5% to $2.10 per share in 2026 [2] - In 2025, WMB completed 1.1 billion cubic feet per day of pipeline transmission operations and is expanding its pipeline capacity by an additional 7.1 billion cubic feet per day [2] Development Initiatives - WMB added the "Socrates the Younger" power-innovation venture to its development pipeline, involving approximately $1.3 billion in capital investment and 340 megawatts of behind-the-meter capacity under a 10-year agreement [3] - The company upgraded its Aquila and Apollo programs with an investment of $900 million and extended contract terms to 12.5 years [3] Company Overview - The Williams Companies, Inc. is an energy infrastructure corporation engaged in the discovery, production, transportation, sale, and processing of natural gas and petroleum products [4] - The company operates in segments including Transmission and Gulf of Mexico, Northeast G&P, and West [4]