This top energy company is a solid pick for investors who are more conservative and looking for exposure to LNG. Williams Companies Inc. (NYSE: WMB) operates as an energy infrastructure company primarily in the United States.
Its Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines, as well as natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing and fractionation activities in the Marcellus Shale region, primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio.
The West segment comprises gas gathering, processing and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana and the Mid-Continent region, which includes the Anadarko, Arkom, and Permian basins. It also includes NGL and natural gas marketing operations, as well as storage facilities.
The company owns and operates 30,000 miles of pipelines, 34 processing facilities, 9 fractionation facilities, and approximately 23 million barrels of NGL storage capacity.
Shareholders receive a 5.49% dividend. Raymond James’s Strong Buy rating comes with a $36 price objective. The consensus target is $33.14, and Williams Companies stock ended Tuesday trading at $30.95 a share.
These seven top companies can profit from higher energy prices but offer more conservative investors a way to play the sector. With everything from the world’s largest integrated energy giant to the top energy MLPs and one of the biggest refiners, these are seven ways to generate income and participate in the biggest rally in the energy and oil space since 2011, which has backed up nicely and offers one of the best entry points this year.
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