{"scope": "industry", "title": "Utilities - Regulated Water", "sector": "Utilities", "industry": "Utilities - Regulated Water", "intelligence": {"score": 69, "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": 86, "confidence_label": "Deep evidence", "filings": 128, "companies": 8, "insiders": 62, "signal_events": 61, "acquisition_events": 28, "disposal_events": 33, "acquisition_share": 45.9, "disposal_share": 54.1, "acquisition_value": 2045882.8407, "disposal_value": 590329.282, "net_value": 1455553.5587, "acquisition_value_label": "$2.0M", "disposal_value_label": "$590.3K", "net_value_label": "$1.5M", "data_quality": 70, "priced_common_share": 70, "latest_date": "2026-08-07", "latest_signal_date": "2026-08-07", "oldest_date": "2026-05-15", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 96, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 32, "bar_width": 33.3}, {"key": "derivative", "label": "Options and derivatives", "count": 0, "bar_width": 0.0}, {"key": "other", "label": "Other securities", "count": 0, "bar_width": 0.0}], "roles": [{"label": "Director", "count": 52, "bar_width": 100.0}, {"label": "Other or unspecified", "count": 28, "bar_width": 53.8}, {"label": "Other executive", "count": 26, "bar_width": 50.0}, {"label": "Finance leadership", "count": 12, "bar_width": 23.1}, {"label": "CEO and chair", "count": 10, "bar_width": 19.2}], "supports": ["28 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 62 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": 10, "disposals": 1, "qualified_acquisitions": 1, "qualified_disposals": 1, "total": 11, "height": 31.4, "acquisition_height": 90.9, "disposal_height": 9.1}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 0, "disposals": 27, "qualified_acquisitions": 0, "qualified_disposals": 27, "total": 27, "height": 77.1, "acquisition_height": 0.0, "disposal_height": 100.0}, {"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": 1, "disposals": 0, "qualified_acquisitions": 1, "qualified_disposals": 0, "total": 1, "height": 2.9, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 6, "disposals": 0, "qualified_acquisitions": 6, "qualified_disposals": 0, "total": 6, "height": 17.1, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 25, "disposals": 10, "qualified_acquisitions": 11, "qualified_disposals": 5, "total": 35, "height": 100.0, "acquisition_height": 71.4, "disposal_height": 28.6}, {"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": 6, "disposals": 0, "qualified_acquisitions": 6, "qualified_disposals": 0, "total": 6, "height": 17.1, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 1, "disposals": 0, "qualified_acquisitions": 1, "qualified_disposals": 0, "total": 1, "height": 2.9, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 9, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 9, "height": 25.7, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 1, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 2, "height": 5.7, "acquisition_height": 50.0, "disposal_height": 50.0}, {"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": [{"symbol": "YORW", "name": "The York Water Company", "score": 84, "confidence": 82}, {"symbol": "CDZI", "name": "Cadiz Inc", "score": 80, "confidence": 73}, {"symbol": "WTRG", "name": "Essential Utilities Inc", "score": 72, "confidence": 48}, {"symbol": "GWRS", "name": "Global Water Resources Inc", "score": 71, "confidence": 77}, {"symbol": "AWR", "name": "American States Water Company", "score": 70, "confidence": 64}], "cautious": [{"symbol": "CWT", "name": "California Water Service Group", "score": 12, "confidence": 87}, {"symbol": "MSEX", "name": "Middlesex Water Company", "score": 28, "confidence": 42}], "active": [{"symbol": "CWT", "name": "California Water Service Group", "score": 12, "confidence": 87}, {"symbol": "GWRS", "name": "Global Water Resources Inc", "score": 71, "confidence": 77}, {"symbol": "YORW", "name": "The York Water Company", "score": 84, "confidence": 82}, {"symbol": "CDZI", "name": "Cadiz Inc", "score": 80, "confidence": 73}, {"symbol": "AWR", "name": "American States Water Company", "score": 70, "confidence": 64}, {"symbol": "WTRG", "name": "Essential Utilities Inc", "score": 72, "confidence": 48}, {"symbol": "MSEX", "name": "Middlesex Water Company", "score": 28, "confidence": 42}, {"symbol": "ARTNA", "name": "Artesian Resources Corporation", "score": 50, "confidence": 10}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}