Pipeline operator Williams Companies offers a way for investors to play rising natural gas prices as demand grows due to the transition away from coal, according to the research firm Argus. Argus upgraded Williams to buy on Thursday with a price target of $47 per share, which implies 17% upside from Tuesday's close if the company's 4.5% dividend yield is included.
"Williams is a great company," Jenny Harrington, CEO of Gilman Hill Asset Management, told CNBC's "Halftime Report" on Thursday. "They are a direct beneficiary from the demand in energy and the demand in power." "There's a lot of opportunity in midstream, and I like being in midstream because you get away from the commodity exposure," Harrington said. Wells Fargo upgraded Williams earlier this month to overweight with a price target of $40.