Williams Companies

WMB · NYSE

$70.33−$0.05 (−0.07%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $70.38

WMB analyst rating

BuyConsensus of 16 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy16
Hold0
Underperform0
Sell0

12-month price target · 25 analysts

Average $86.95 (+23.6% upside)

Low: $71.08
Now: $70.33
High: $108.15

Upgrades and downgrades

The latest rating actions, newest first

WMB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Oct 14, 2026	Maintains	Buy	$85.00 → $83.00	57%
Barclays	Oct 1, 2026	Initiates	Overweight	$82.00	71%
Scotiabank	Sep 10, 2026	Maintains	Sector Outperform	$86.00 → $85.00	74%
Stifel	Sep 10, 2026	Initiates	Buy	$85.00	33%
Morgan Stanley	Aug 18, 2026	Maintains	Overweight	$99.00 → $103.00	61%
Truist Securities	Aug 12, 2026	Maintains	Buy	$84.00 → $88.00	63%
RBC Capital	Aug 10, 2026	Maintains	Outperform	$83.00 → $87.00	65%
Wells Fargo	Aug 5, 2026	Maintains	Overweight	$89.00 → $90.00	44%
Morgan Stanley	Jul 14, 2026	Maintains	Overweight	$98.00 → $99.00	61%
Barclays	Jul 8, 2026	Maintains	Equal-Weight	$73.00 → $75.00	71%

The case for and against

Updated Sep 22, 2026

Bull case

Williams Companies is a leading provider of natural gas infrastructure, operating primarily in the Gulf Coast and Northeast United States. The company has recently made a significant acquisition, adding potential growth through the West segment, and has several new projects in the works, including expansions to its Haynesville and LEG systems. With a strong backlog and projected 5-year EBITDA CAGR of 11%+, we view Williams as well-positioned to benefit from growing natural gas demand. Risks include potential project delays and public scrutiny over climate change, but we maintain an optimistic outlook on the company's future prospects.

Bear case

Williams Companies is facing project execution risk as it works to move projects from backlog into execution in order to capture additional growth across its segments. Additionally, the company may be affected by a potential commodity price downturn, which could lead to lower volumes through its gathering systems. There is also a risk of slower-than-expected natural gas demand growth and a broader macroeconomic slowdown, which could all negatively impact the company's financial performance and stock price.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.