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Williams Companies upgraded to strong buy on growth and dividend potential through 2029

Analyst Insights
17 Jun 2026
Seeking Alpha
View Source
Bullish
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The Williams Companies (WMB) has been upgraded to a strong buy due to its solid project execution and strategic shift into behind-the-meter power solutions for data centers. The company targets a 9% contracted EBITDA compound annual growth rate through 2029, supported by a $7.3 billion capital expenditure pipeline and long-term revenue visibility. Dividend growth is expected to accelerate, potentially reaching a 4.5% yield by 2029, backed by fee-based revenues and strong coverage. Reliable core pipeline segments and regulated rate increases contribute to WMB's premium valuation and positive outlook.

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