Williams Companies (WMB) in Invesco Global Infrastructure Fund Q2 2024

Capitalizing on Data Center Power Demand

Apr 15, 2025

Summary

Investment rationale: Positioned to benefit from increased power demand driven by AI data centers.
Market positioning: Strong geographical advantage with its Transco pipeline network along the Atlantic coast.
Risks and challenges: Potential volatility in natural gas prices and regulatory changes.
Recent performance: Significant contributor to the fund's absolute return in Q2 2024.
Future outlook: Expected to continue benefiting from rising power demand and infrastructure investments.

In the Invesco Global Infrastructure Fund Q2 2024 commentary, Williams Companies (WMB, Financial) was highlighted as a key position due to its strategic exposure to data center power demand along the Atlantic coast. The fund managers, including Darin Turner and Grant Jackson, emphasized Williams' potential to capitalize on the growing need for energy infrastructure driven by AI advancements.

"Williams, a midstream stock, is poised to benefit from its exposure to data center power demand along the Atlantic coast given its Transco pipeline network. The stock has done well this year, and we believe future growth prospects are starting to be reflected in the valuation." — Invesco Global Infrastructure Fund Q2 2024 Commentary

Read full letter at gurufocus invesco global infrastructure fund q2 2024 commentary 2024 Q2 page.

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