{"scope": "sector", "title": "Utilities", "sector": "Utilities", "industry": null, "intelligence": {"score": 61, "label": "Accumulation bias", "tone": "positive", "stance": "Watch for market confirmation", "brief": "Priced common-share acquisitions carry more weighted evidence than disposals after freshness, role, size, and duplicate controls.", "confidence": 94, "confidence_label": "Deep evidence", "filings": 782, "companies": 57, "insiders": 359, "signal_events": 292, "acquisition_events": 110, "disposal_events": 182, "acquisition_share": 37.7, "disposal_share": 62.3, "acquisition_value": 52615229.4014, "disposal_value": 149388376.8339, "net_value": -96773147.4325, "acquisition_value_label": "$52.6M", "disposal_value_label": "$149.4M", "net_value_label": "-$96.8M", "data_quality": 63, "priced_common_share": 44, "latest_date": "2026-08-07", "latest_signal_date": "2026-08-07", "oldest_date": "2026-05-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 511, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 150, "bar_width": 29.4}, {"key": "derivative", "label": "Options and derivatives", "count": 15, "bar_width": 2.9}, {"key": "other", "label": "Other securities", "count": 106, "bar_width": 20.7}], "roles": [{"label": "Director", "count": 513, "bar_width": 100.0}, {"label": "Other executive", "count": 101, "bar_width": 19.7}, {"label": "Other or unspecified", "count": 93, "bar_width": 18.1}, {"label": "CEO and chair", "count": 34, "bar_width": 6.6}, {"label": "Finance leadership", "count": 31, "bar_width": 6.0}, {"label": "Large holder", "count": 10, "bar_width": 1.9}], "supports": ["110 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 359 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 07 Aug 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 24, "disposals": 37, "qualified_acquisitions": 3, "qualified_disposals": 22, "total": 61, "height": 31.0, "acquisition_height": 39.3, "disposal_height": 60.7}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 97, "disposals": 71, "qualified_acquisitions": 17, "qualified_disposals": 48, "total": 168, "height": 85.3, "acquisition_height": 57.7, "disposal_height": 42.3}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 19, "disposals": 20, "qualified_acquisitions": 6, "qualified_disposals": 17, "total": 39, "height": 19.8, "acquisition_height": 48.7, "disposal_height": 51.3}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 11, "disposals": 22, "qualified_acquisitions": 4, "qualified_disposals": 18, "total": 33, "height": 16.8, "acquisition_height": 33.3, "disposal_height": 66.7}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 20, "disposals": 13, "qualified_acquisitions": 11, "qualified_disposals": 6, "total": 33, "height": 16.8, "acquisition_height": 60.6, "disposal_height": 39.4}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 141, "disposals": 56, "qualified_acquisitions": 34, "qualified_disposals": 22, "total": 197, "height": 100.0, "acquisition_height": 71.6, "disposal_height": 28.4}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 15, "disposals": 9, "qualified_acquisitions": 1, "qualified_disposals": 4, "total": 24, "height": 12.2, "acquisition_height": 62.5, "disposal_height": 37.5}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 9, "disposals": 5, "qualified_acquisitions": 7, "qualified_disposals": 3, "total": 14, "height": 7.1, "acquisition_height": 64.3, "disposal_height": 35.7}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 11, "disposals": 4, "qualified_acquisitions": 9, "qualified_disposals": 4, "total": 15, "height": 7.6, "acquisition_height": 73.3, "disposal_height": 26.7}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 18, "disposals": 8, "qualified_acquisitions": 5, "qualified_disposals": 3, "total": 26, "height": 13.2, "acquisition_height": 69.2, "disposal_height": 30.8}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 30, "disposals": 10, "qualified_acquisitions": 11, "qualified_disposals": 8, "total": 40, "height": 20.3, "acquisition_height": 75.0, "disposal_height": 25.0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Utilities", "score": 68, "confidence": 94}, {"label": "Real Estate", "score": 66, "confidence": 92}, {"label": "Basic Materials", "score": 55, "confidence": 92}, {"label": "Financial Services", "score": 53, "confidence": 94}, {"label": "Industrials", "score": 49, "confidence": 94}, {"label": "Energy", "score": 49, "confidence": 92}, {"label": "Consumer Cyclical", "score": 45, "confidence": 94}, {"label": "Healthcare", "score": 45, "confidence": 93}, {"label": "Consumer Defensive", "score": 43, "confidence": 93}, {"label": "Communication Services", "score": 40, "confidence": 92}, {"label": "Technology", "score": 26, "confidence": 96}, {"label": "Other", "score": 20, "confidence": 47}, {"label": "Financials", "score": 14, "confidence": 65}], "leaders": {"constructive": [{"symbol": "RGCO", "name": "RGC Resources Inc", "score": 88, "confidence": 100}, {"symbol": "OPAL", "name": "OPAL Fuels Inc", "score": 85, "confidence": 61}, {"symbol": "YORW", "name": "The York Water Company", "score": 84, "confidence": 82}, {"symbol": "CDZI", "name": "Cadiz Inc", "score": 80, "confidence": 73}, {"symbol": "OGS", "name": "One Gas Inc", "score": 79, "confidence": 81}, {"symbol": "ETR", "name": "Entergy Corporation", "score": 76, "confidence": 85}, {"symbol": "SR", "name": "Spire Inc", "score": 76, "confidence": 47}, {"symbol": "ED", "name": "Consolidated Edison Inc", "score": 73, "confidence": 70}], "cautious": [{"symbol": "CWT", "name": "California Water Service Group", "score": 12, "confidence": 87}, {"symbol": "VST", "name": "Vistra Corp.", "score": 15, "confidence": 69}, {"symbol": "SO", "name": "Southern Company", "score": 17, "confidence": 84}, {"symbol": "EVRG", "name": "Evergy, Inc.", "score": 19, "confidence": 56}, {"symbol": "ORA", "name": "Ormat Technologies Inc", "score": 19, "confidence": 59}, {"symbol": "PCG", "name": "PG&E Corp", "score": 19, "confidence": 73}, {"symbol": "CPK", "name": "Chesapeake Utilities Corporation", "score": 20, "confidence": 43}, {"symbol": "FLNC", "name": "Fluence Energy Inc", "score": 20, "confidence": 60}], "active": [{"symbol": "EBR-B", "name": "Centrais El\u00e9tricas Brasileiras S.A. - Eletrobr\u00e1s", "score": 42, "confidence": 83}, {"symbol": "CWT", "name": "California Water Service Group", "score": 12, "confidence": 87}, {"symbol": "RGCO", "name": "RGC Resources Inc", "score": 88, "confidence": 100}, {"symbol": "GWRS", "name": "Global Water Resources Inc", "score": 71, "confidence": 77}, {"symbol": "OGS", "name": "One Gas Inc", "score": 79, "confidence": 81}, {"symbol": "ETR", "name": "Entergy Corporation", "score": 76, "confidence": 85}, {"symbol": "STEM", "name": "Stem Inc", "score": 66, "confidence": 81}, {"symbol": "NRG", "name": "NRG Energy Inc.", "score": 43, "confidence": 75}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}