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

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of American Water Works shares on July 30 from his Growth Partners Roth IRA, alongside similarly sized sales of 10 other stocks.
• American Water Works reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 6.2% year over year to $1.35 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.02–$6.12.
• AWK announced a quarterly dividend of $0.895 per share, representing a 2.7% yield. Analysts have a consensus “Hold” rating and an average price target of $138.78, while institutional investors own 86.58% of the stock.

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 Down 1.2%

NYSE AWK opened at $134.57 on Tuesday. The firm's fifty day moving average price is $132.05 and its 200 day moving average price is $131.28. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market capitalization of $26.74 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the company earned $1.48 earnings per share. American Water Works's quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works's dividend payout ratio (DPR) is 62.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AWK shares. JPMorgan Chase & Co. lifted their target price on American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Wall Street Zen raised American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Bank of America restated a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. UBS Group lifted their price target on American Water Works from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Mizuho boosted their price objective on American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Water Works has a consensus rating of "Hold" and a consensus price target of $138.78.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Equitable Holdings Inc. purchased a new stake in shares of American Water Works during the second quarter worth approximately $1,004,000. Coastal Bridge Advisors LLC purchased a new position in American Water Works in the 2nd quarter valued at $617,000. Jefferies Financial Group Inc. acquired a new position in American Water Works in the 2nd quarter valued at $1,882,000. Public Employees Retirement System of Ohio acquired a new position in American Water Works in the 2nd quarter valued at $7,309,000. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new position in American Water Works during the 2nd quarter worth $910,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source