American Water Works (NYSE:AWK) Stock Sold Off Rep. Richard McCormick

Representative Richard McCormick (Republican-Georgia) recently sold shares of American Water Works Company, Inc. (NYSE:AWK). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in American Water Works stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.

American Water Works Trading Up 1.8%

Shares of AWK stock traded up $2.38 during trading hours on Tuesday, reaching $136.72. The company had a trading volume of 168,676 shares, compared to its average volume of 2,006,931. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87. The company has a 50 day moving average of $132.05 and a 200 day moving average of $131.28. The firm has a market cap of $27.17 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.75 and a beta of 0.60.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.895 per share. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works’s payout ratio is presently 62.05%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of American Water Works in the 2nd quarter valued at about $2,712,173,000. State Street Corp grew its holdings in American Water Works by 4.2% during the fourth quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock worth $1,570,936,000 after purchasing an additional 486,090 shares during the period. GQG Partners LLC acquired a new position in American Water Works during the second quarter worth approximately $1,171,477,000. Wellington Management Group LLP lifted its position in shares of American Water Works by 3,274.6% in the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after buying an additional 6,882,575 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of American Water Works by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock worth $655,025,000 after acquiring an additional 33,359 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Mizuho increased their price target on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. UBS Group upped their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their price target on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $138.78.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

American Water Works Company Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.