Williams Companies stock price target raised to $70 by Wells Fargo

Investing.com - Wells Fargo (NYSE:WFC) raised its price target on Williams Companies (NYSE:WMB) to $70.00 from $67.00 on Friday, while maintaining an Overweight rating on the stock. The company, currently trading at $57.89 with a market capitalization of $70.69 billion, has shown resilience with its low volatility profile (Beta: 0.69) and impressive dividend track record. InvestingPro data reveals the stock has maintained dividend payments for 52 consecutive years.

The research firm noted that Williams Companies underperformed following its second-quarter results, likely due to high market expectations around new project Final Investment Decisions (FIDs).

Wells Fargo remains positive on Williams Companies, identifying four "underappreciated tidbits" in its analysis and continuing to view the stock as a top pick in the sector.

The firm projects Williams Companies will grow EBITDA at an 11% compound annual growth rate (CAGR) over the next three years, exceeding both the company’s guidance of 5-7% and the consensus estimate of 8%.

Wells Fargo expects Williams Companies to update its long-term EBITDA CAGR forecast at its February 2026 analyst day, and anticipates the company’s valuation multiple will expand as growth becomes more visible.

In other recent news, Williams Companies Inc. reported its second-quarter earnings for 2025, which showed a mixed performance. The company missed its earnings per share (EPS) forecast, reporting $0.46 compared to the expected $0.48, a 4.17% negative surprise. However, Williams exceeded revenue expectations, achieving $2.78 billion against the projected $2.72 billion, marking a 2.21% positive surprise. In a separate development, Williams CEO Chad Zamarin discussed the future of liquid natural gas (LNG) in the U.S. market during an interview on Bloomberg TV. He projected that LNG could grow to represent over 25% of the U.S. gas market within the next decade, doubling from its current share of about 15%. These recent developments highlight the company’s ongoing strategic focus and financial performance.

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