Electron Capital Partners LLC Has $229.41 Million Stock Position in MasTec, Inc. $MTZ

Electron Capital Partners LLC lessened its position in shares of MasTec, Inc. (NYSE:MTZ) by 11.4% during the first quarter, HoldingsChannel.com reports. The fund owned 713,013 shares of the construction company’s stock after selling 91,290 shares during the period. MasTec makes up approximately 9.0% of Electron Capital Partners LLC’s holdings, making the stock its largest holding. Electron Capital Partners LLC’s holdings in MasTec were worth $229,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new stake in MasTec during the first quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MasTec in the 4th quarter worth approximately $30,000. GHP Investment Advisors Inc. purchased a new position in MasTec during the 1st quarter valued at $65,000. CIBC Private Wealth Group LLC increased its position in shares of MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock valued at $51,000 after buying an additional 186 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of MasTec by 25.4% during the 1st quarter. Root Financial Partners LLC now owns 311 shares of the construction company’s stock worth $100,000 after acquiring an additional 63 shares during the period. Institutional investors own 78.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTZ. Cantor Fitzgerald upped their target price on shares of MasTec from $545.00 to $581.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Robert W. Baird boosted their price objective on shares of MasTec from $473.00 to $475.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. CICC Research assumed coverage on shares of MasTec in a research note on Thursday, May 21st. They set an “outperform” rating and a $480.00 target price on the stock. Roth Capital reiterated a “buy” rating and issued a $450.00 price target on shares of MasTec in a research note on Monday, May 4th. Finally, KeyCorp raised their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, MasTec presently has an average rating of “Moderate Buy” and an average target price of $466.89.

MasTec Stock Performance

Shares of NYSE MTZ opened at $336.31 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28. MasTec, Inc. has a 1 year low of $160.08 and a 1 year high of $441.43. The firm has a fifty day moving average price of $372.62 and a 200-day moving average price of $331.91. The stock has a market cap of $26.57 billion, a PE ratio of 58.90 and a beta of 1.77.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities analysts anticipate that MasTec, Inc. will post 9.18 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the sale, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the sale, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This represents a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 21.40% of the company’s stock.

About MasTec

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.