CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Cuts MTZ Stake by $897K

Cushing Asset Management, LP dba NXG Investment Management trimmed its position in MasTec, Inc. (MTZ) by 4,200 shares in a filing on October 26, 2026.

MTZ MasTec, Inc.

$172.59 ▼ -24.19% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where MasTec Fits in Cushing Asset Management's Portfolio

Cushing's stake in MasTec now represents approximately 1.19% of its total reported value of about $1.42 billion.

Other Institutional Activity in MasTec

Several other institutional investors made moves in MasTec recently. Y-Intercept increased its holdings by 85,962 shares, bringing its total to 85,962 shares worth about $18.4 million. DAVENPORT also added 135,076 shares, giving it a total of 135,076 shares valued at approximately $28.6 million. In contrast, Campbell Newman Asset Management sold out of its entire position, dropping 15,966 shares.

MasTec, Inc. Stock Up 0.9%

MasTec shares closed at $172.59 on October 26, 2026, which is about equal to the closing price on that day. However, the stock is well below its 50-day and 200-day moving averages, indicating a challenging market position. It is also significantly below its 52-week high of $441.43, reflecting current investor sentiment.

Recent Earnings

MasTec reported trailing twelve-month revenue of approximately $16.1 billion and an earnings per share (EPS) of $6.33. The company is scheduled to report its next earnings on October 29, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at MasTec, Inc.

Insiders have been active as well, with several directors selling shares earlier this year. Ernst N. Csiszar, a director, sold 6,500 shares at an average price of $300.40 on March 3, 2026, totaling about $1.95 million. On March 25, 2026, Javier Alberto Palomarez sold 950 shares for approximately $309,158. These sales indicate ongoing activity among company insiders.

Analysts Set New Price Targets

Analysts have been maintaining their ratings on MasTec. On October 8, 2026, Stifel maintained a Buy rating with a target price of $305. Keybanc also kept its Overweight rating with a target of $320 on October 15, 2026. The current consensus recommendation remains a strong Buy, with a mean price target of $360.14.

About MasTec

MasTec, Inc. is an infrastructure engineering and construction company based in Coral Gables, Florida. It provides services related to communications, energy, and utility infrastructure across the U.S. and Canada. The company's operations span multiple segments, including Clean Energy and Infrastructure.

Bottom Line

Investors will be watching MasTec closely as it prepares for its earnings report on October 29, 2026, which may offer insights into its performance amidst current market conditions. Cushing Asset Management's recent trim in stake could reflect a cautious approach as the firm reassesses its investments in the company.