Northwest & Ethical Investments L.P. Acquires 11,139 Shares of Relx Plc (NYSE:RELX)

Northwest & Ethical Investments L.P. lifted its stake in Relx Plc (NYSE:RELX) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,600 shares of the technology company’s stock after acquiring an additional 11,139 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Relx were worth $9,565,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co increased its holdings in Relx by 1,290.2% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after acquiring an additional 529 shares during the period. Versant Capital Management Inc purchased a new position in shares of Relx during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in shares of Relx in the fourth quarter worth $43,000. Private Trust Co. NA raised its position in shares of Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after buying an additional 566 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Relx during the fourth quarter valued at $74,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Trading Up 1.2 %

NYSE RELX opened at $49.94 on Friday. The stock’s 50-day simple moving average is $49.11 and its two-hundred day simple moving average is $47.67. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $92.70 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a $0.5586 dividend. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. Relx’s payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

RELX has been the topic of a number of research analyst reports. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Redburn Atlantic started coverage on shares of Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.