Is GE a Buy?

General Electric (GE) has been on a roll this month with the stock ending the day at $18.07. GE is up 14.2% for the month with shares rising from $15.83 entering March. Are GE shares a buy at the current price?

According to the Pit Boss, GE is a buy. Pete Najarian recommended buying GE this evening on CNBC's Fast Money. Najarian likes the news coming out of GE and believes that "investors are going after what they perceive to be growth and companies that could increase dividends."

Volume surged today with 228 millions shares being traded today, 3 times the average volume of 74 million. The increased volume is due to a report that General Electric (GE) is considering raising its dividend and buying back shares. According to the company’s chief financial officer, Keith S. Sherin GE is expecting to increase its dividend in 2011 due to positive earnings growth.

It looks like GE investors who held the stock despite a dividend cut in 2009 will be rewarded for their patience.