04:05 PM EST, 11/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price remains $62, a 12.7x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is a premium to WMB's historical forward average, but we think the shares arguably deserve a premium, as WMB is located in the nerve center for natural gas pipeline movement, which benefits both from LNG export demand as well as data center demand. We cut our 2025 EPS estimate by $0.04 to $2.11, but lift 2026's by $0.04 to $2.39. Despite these secular benefits (although, to be fair, the data center benefits may take several years to come to fruition), we think they are largely priced into the shares, which are trading at a 15% premium to historical forward average levels. We also caution investors that with the Louisiana LNG project, the combination of growth capex and dividend payouts are likely to outstrip operating cash flows both in 2025 and 2026, which is uncommon in midstream today. Shares yield 3.4%.