Hold On To That Sempra Stock

The Wall Street Journal's Rebecca Smith has an homage to Sempra in today's edition, praising the company for its foresight in investing in gas (inlcuding LNG). A nice "big picture" piece but not much new other than the forecasts included at the end:

"Sempra expects net income of $835 million to $1.07 billion in 2008 and $970 million to $1.12 billion in 2009. It expects to use $3.4 billion for share repurchases and dividends, including a 9% increase in its dividend, effective in July, to $1.40 a share annually."

Sempra's Flow to Natural Gas Proves Timely [Wall Street Journal]