Wilson Terrance Lane sold $151K of WMB

The U.S. Department of Energy awarded up to $42M to Williams Companies for its 125-mile Constitution natural gas pipeline project, connecting Pennsylvania to New York. The funding aims to support energy infrastructure and reduce emissions, according to the DoE.

iShares Global Infrastructure ETF (IGF) reported $17.6M in net buying on Sept 30, including a new $112.5M stake in Consolidated Edison (ED). Other notable buys were Grupo Aeroportuario del Pacifico (PAC) and Grupo Aeroportuario del Centro Norte (OMAB). IGF also sold out of PG&E (PCG) and trimmed positions in Cheniere Energy (LNG) and Williams (WMB).

Midstream energy sector sees increased deal activity due to high demand for infrastructure, particularly in natural gas. Recent acquisitions include ONEOK's $4.42B purchase of Brazos Midstream's Permian Basin assets and Williams' $5.5B acquisition of Momentum Midstream. A bipartisan infrastructure bill could further expedite energy projects, benefiting the AI boom.

Barclays reinstated Williams Companies (WMB) with an overweight rating and $82 price target, citing 11% CAGR growth and strong fundamentals. WMB reported Q2 2026 revenue of $3.05B, beating expectations. RBC raised its target to $87, Melius initiated with a Buy rating. WMB's dividend yield is 3.09%.

Alternative asset managers like Apollo, Blackstone, and KKR are financing U.S. LNG and pipeline projects, with $20.35B invested in 2026. Insurance capital is backing projects like Sempra's Port Arthur LNG, Williams' power projects, and ONEOK's acquisitions. LNG projects now attract diverse investors, including infrastructure funds and sovereign wealth funds, due to long-term revenue stability.

The Williams Companies (WMB) lost a key water-quality certification for its $1B NESE project after a federal appeals court ruling. The company expects no impact on construction or its Q4 2027 in-service timeline. The project aims to expand gas supply to high-demand areas in New York.