Mizuho Securities analyst Gabe Moreen has maintained their bullish stance on WMB stock, giving a Buy rating yesterday.
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Gabe Moreen has given his Buy rating due to a combination of factors that highlight Williams Co’s potential for growth and value creation. The company’s announcement of a likely forthcoming data center project with a substantial customer is expected to significantly impact its capital budget and provide returns similar to recent transmission projects. This aligns with Williams Co’s long-term growth strategies and could represent a massive capital expenditure, strengthening its position in the market.
Moreover, Williams Co’s guidance for 2025 has been raised slightly above market expectations, driven by organic growth projects and higher commodity prices. The company’s acquisitions and conservative assumptions regarding cash taxes and Transco rate cases further support potential future gains. The projected step-down in maintenance capital, combined with potential weather-related benefits at Sequent marketing, could also contribute positively to the company’s financial outlook, making the stock an attractive investment opportunity.
Moreen covers the Energy sector, focusing on stocks such as Energy Transfer, Kinder Morgan, and Williams Co. According to TipRanks, Moreen has an average return of 16.4% and a 78.18% success rate on recommended stocks.
In another report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $61.00 price target.