{"scope": "industry", "title": "Utilities - Regulated Gas", "sector": "Utilities", "industry": "Utilities - Regulated Gas", "intelligence": {"score": 80, "label": "Conviction accumulation", "tone": "positive", "stance": "Research constructive setups", "brief": "Priced common-share acquisitions carry more weighted evidence than disposals after freshness, role, size, and duplicate controls.", "confidence": 98, "confidence_label": "Deep evidence", "filings": 76, "companies": 12, "insiders": 39, "signal_events": 60, "acquisition_events": 44, "disposal_events": 16, "acquisition_share": 73.3, "disposal_share": 26.7, "acquisition_value": 4459019.6822, "disposal_value": 7563518.3751, "net_value": -3104498.6929, "acquisition_value_label": "$4.5M", "disposal_value_label": "$7.6M", "net_value_label": "-$3.1M", "data_quality": 95, "priced_common_share": 82, "latest_date": "2026-08-06", "latest_signal_date": "2026-08-06", "oldest_date": "2026-05-18", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 65, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 10, "bar_width": 15.4}, {"key": "derivative", "label": "Options and derivatives", "count": 1, "bar_width": 1.5}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 48, "bar_width": 100.0}, {"label": "Other or unspecified", "count": 15, "bar_width": 31.2}, {"label": "Other executive", "count": 9, "bar_width": 18.8}, {"label": "CEO and chair", "count": 4, "bar_width": 8.3}], "supports": ["44 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 39 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 06 Aug 2026."], "risks": ["Reported purpose is unavailable in this feed, so even priced common-share transactions need filing context."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 7.1, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 12, "disposals": 2, "qualified_acquisitions": 12, "qualified_disposals": 0, "total": 14, "height": 100.0, "acquisition_height": 85.7, "disposal_height": 14.3}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 5, "disposals": 7, "qualified_acquisitions": 5, "qualified_disposals": 4, "total": 12, "height": 85.7, "acquisition_height": 41.7, "disposal_height": 58.3}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 2, "disposals": 2, "qualified_acquisitions": 2, "qualified_disposals": 1, "total": 4, "height": 28.6, "acquisition_height": 50.0, "disposal_height": 50.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 7.1, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 11, "disposals": 0, "qualified_acquisitions": 8, "qualified_disposals": 0, "total": 11, "height": 78.6, "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": 1, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 1, "height": 7.1, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 7.1, "acquisition_height": 0.0, "disposal_height": 100.0}, {"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": 10, "disposals": 0, "qualified_acquisitions": 10, "qualified_disposals": 0, "total": 10, "height": 71.4, "acquisition_height": 100.0, "disposal_height": 0.0}, {"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": 80, "confidence": 98}, {"label": "Utilities - Regulated Water", "score": 69, "confidence": 86}, {"label": "Multiline Utilities", "score": 66, "confidence": 44}, {"label": "Utilities - Regulated Electric", "score": 50, "confidence": 93}, {"label": "Utilities - Renewable", "score": 45, "confidence": 74}, {"label": "Utilities - Independent Power Producers", "score": 30, "confidence": 65}, {"label": "Utilities - Diversified", "score": 22, "confidence": 42}], "leaders": {"constructive": [{"symbol": "RGCO", "name": "RGC Resources Inc", "score": 88, "confidence": 100}, {"symbol": "OPAL", "name": "OPAL Fuels Inc", "score": 85, "confidence": 61}, {"symbol": "OGS", "name": "One Gas Inc", "score": 79, "confidence": 81}, {"symbol": "SR", "name": "Spire Inc", "score": 76, "confidence": 47}, {"symbol": "NWN", "name": "Northwest Natural Gas Co", "score": 72, "confidence": 74}, {"symbol": "ATO", "name": "Atmos Energy Corporation", "score": 72, "confidence": 32}, {"symbol": "UGI", "name": "UGI Corporation", "score": 61, "confidence": 27}], "cautious": [{"symbol": "CPK", "name": "Chesapeake Utilities Corporation", "score": 20, "confidence": 43}, {"symbol": "NI", "name": "NiSource Inc", "score": 22, "confidence": 50}, {"symbol": "NJR", "name": "NewJersey Resources Corporation", "score": 28, "confidence": 28}, {"symbol": "BKH", "name": "Black Hills Corporation", "score": 28, "confidence": 28}], "active": [{"symbol": "RGCO", "name": "RGC Resources Inc", "score": 88, "confidence": 100}, {"symbol": "OGS", "name": "One Gas Inc", "score": 79, "confidence": 81}, {"symbol": "OPAL", "name": "OPAL Fuels Inc", "score": 85, "confidence": 61}, {"symbol": "NWN", "name": "Northwest Natural Gas Co", "score": 72, "confidence": 74}, {"symbol": "SR", "name": "Spire Inc", "score": 76, "confidence": 47}, {"symbol": "CPK", "name": "Chesapeake Utilities Corporation", "score": 20, "confidence": 43}, {"symbol": "NI", "name": "NiSource Inc", "score": 22, "confidence": 50}, {"symbol": "UGI", "name": "UGI Corporation", "score": 61, "confidence": 27}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}