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NEW YORK (TheStreet) -- Shares of Williams Cos. (WMB) - Get Free Report were rising in early afternoon trading on Monday after the Tulsa, OK-based energy infrastructure company announced it had appointed three new independent directors to its board.

Pioneer Natural Resources (PXD) CEO Scott Sheffield, PPL (PPL) CEO William Spence and American Midstream Partners (AMID) former CEO Stephen Bergstrom will join Williams' board effective immediately, according to a company statement.

TheStreet's Jim Cramer explains in the above video that the new members will bring stability to the company.

The appointments follow an attempt last week by Corvex Management founder and former Williams board member Keith Meister to replace the company's entire board. Meister nominated 10 new members to the board, including himself.

Meister and five other directors resigned from their roles at Williams in June after they were unable to oust CEO Alan Armstrong following the company's failed merger with Energy Transfer Equity (ETE).

Corvex is the fourth largest shareholder of Williams stock, according to Reuters.

Williams now has 10 members serving on its board of directors.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

You can view the full analysis from the report here: WMB

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