Dow Today: General Electric (GE) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 37 points (+0.3%) at 13,231 as of Thursday, Mar 15, 2012, 3:35 p.m. ET. During this time, 856.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,754 issues advancing vs. 1,241 declining with 102 unchanged.

The Dow component leading the way higher looks to be General Electric (NYSE: GE), which is sporting a 36-cent gain (+1.8%) bringing the stock to $20.15. This single gain is lifting the Dow Jones Industrial Average by 2.72 points or roughly accounting for 7.4% of the Dow's overall gain. Volume for General Electric currently sits at 62.9 million shares traded vs. an average daily trading volume of 61.8 million shares.

General Electric has a market cap of $198.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.5% year to date as of Wednesday's close. The stock's dividend yield sits at 3.5%.

General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 15.9, above the average industrial industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.