{"scope": "industry", "title": "Utilities - Diversified", "sector": "Utilities", "industry": "Utilities - Diversified", "intelligence": {"score": 20, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 45, "confidence_label": "Developing", "filings": 18, "companies": 3, "insiders": 13, "signal_events": 4, "acquisition_events": 0, "disposal_events": 4, "acquisition_share": 0.0, "disposal_share": 100.0, "acquisition_value": 141502.8916, "disposal_value": 212355542.548, "net_value": -212214039.6564, "acquisition_value_label": "$141.5K", "disposal_value_label": "$212.4M", "net_value_label": "-$212.2M", "data_quality": 89, "priced_common_share": 22, "latest_date": "2026-07-01", "latest_signal_date": "2026-06-17", "oldest_date": "2026-05-15", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 5, "bar_width": 50.0}, {"key": "equity_award", "label": "Equity compensation", "count": 10, "bar_width": 100.0}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 3, "bar_width": 30.0}], "roles": [{"label": "Director", "count": 11, "bar_width": 100.0}, {"label": "Large holder", "count": 3, "bar_width": 27.3}, {"label": "Other executive", "count": 2, "bar_width": 18.2}, {"label": "Other or unspecified", "count": 2, "bar_width": 18.2}], "supports": ["Participation spans 13 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight.", "Most filings are awards, derivatives, unpriced common shares, or other securities and remain contextual.", "The latest qualifying filing is more than 30 days old."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 0, "disposals": 3, "qualified_acquisitions": 0, "qualified_disposals": 2, "total": 3, "height": 30.0, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 10, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 10, "height": 100.0, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 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 - Regulated Gas", "score": 81, "confidence": 98}, {"label": "Utilities - Regulated Water", "score": 69, "confidence": 86}, {"label": "Multiline Utilities", "score": 66, "confidence": 44}, {"label": "Utilities - Regulated Electric", "score": 51, "confidence": 93}, {"label": "Utilities - Renewable", "score": 43, "confidence": 74}, {"label": "Utilities - Independent Power Producers", "score": 30, "confidence": 64}, {"label": "Utilities - Diversified", "score": 20, "confidence": 45}], "leaders": {"constructive": [], "cautious": [{"symbol": "SRE", "name": "Sempra Energy", "score": 22, "confidence": 62}, {"symbol": "AES", "name": "The AES Corporation", "score": 28, "confidence": 18}], "active": [{"symbol": "SRE", "name": "Sempra Energy", "score": 22, "confidence": 62}, {"symbol": "AES", "name": "The AES Corporation", "score": 28, "confidence": 18}, {"symbol": "AVA", "name": "Avista Corporation", "score": 50, "confidence": 31}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}