UNITED STATES
              SECURITIES AND EXCHANGE COMMISSION
"                 WASHINGTON, D.C.20549"

FORM 13F

FORM 13F COVER PAGE

"Report for the Quarter ended:   December 31, 2011"

Check here if Amendment [  ]; Amendment Number:
This Amendment (Check only one.) :  [  ] is a restatement.
 [  ] adds new holdings entries.

Institutional Investment Manager Filing this report:

"Name:     HGK Asset Management, Inc."
Address:  Suite 2000 Newport Tower
                525 Washington Boulevard
                Jersey City
                New Jersey NJ07310

13F File Number :  28 - 1321

The institutional IM filing this

it is signed hereby represent that the person signing this
report and the person by whom
"to submit it, that all information "
"contained herein is true, correct and"
"complete, and that it is understood "
"that all required items, statements,"
"schedules, lists, tables, are considered "
integral parts of this form.
Person signing this report on Behalf of Reporting Manager:

Name:      Jeffrey T. Harris
Title:     President
Phone:     201-659-3700

"Signature, Place, and Date of Signing:"

"Jeffrey T. Harris   Jersey City, New Jersey March 12, 2012"

Report Type (Check only one) :

[X] 13F HOLDING REPORT.

[  ] 13F NOTICE.

[  ] 13F COMBINATION REPORT.

List of Other Managers Reporting for this Manager:   None


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT 0F 1934.

Form 13F SUMMARY PAGE

Report Summary:


Number of Other Included Managers:             0

Form 13F Information Table Entry Total:     167

"Form 13F Information Table Value Total:     $ 2,376,198,000"



List of Other Included Managers:              NONE



			FORM 13F INFORMATION TABLE
	VALUE	SHRS OR SH/PUT/	INVSTMTOTHER	VTG AUTH
ISSUER CLASS CUSIP  			(X1000)	PRN AMT PRN CALL	DSCRETN	MANAGERS	SOLE

3M Co.	Common Stock	88579Y101	682	8350	SOLE	NONE	6660
Abbott Laboratories	Common Stock	002824100	1181	20995	SOLE	NONE	16280
Adobe Systems Inc.	Common Stock	00724F101	208	7340	SOLE	NONE	7340
AFLAC Inc.	Common Stock	001055102	461	10645	SOLE	NONE	6220
AGL Resources Inc.	Common Stock	001204106	5882	139190	SOLE	NONE	67300
Akamai Technologies	Common Stock	00971T101	237	7355	SOLE	NONE	7140
Alliant Techsystems	Common Stock	018804104	4864	85095	SOLE	NONE	41700
Allstate Corp.	Common Stock	020002101	51408	1875518	SOLE	NONE	324605
Ameren Corp.	Common Stock	023608102	3154	95195	SOLE	NONE	46750
American Electric P	Common Stock	025537101	57394	1389339	SOLE	NONE	274320
Apache Corp.	Common Stock	037411105	593	6550	SOLE	NONE	4815
Apple Inc.	Common Stock	037833100	1692	4177	SOLE	NONE	3537
Archer Daniels Midl	Common Stock	039483102	22024	770084	SOLE	NONE	142105
Arris Group Inc.	Common Stock	04269Q100	4131	381806	SOLE	NONE	178640
AT&T Inc.	Common Stock	00206R102	46072	1523533	SOLE	NONE	262174
Bank of America Cor	Common Stock	060505104	22551	4055904	SOLE	NONE	703800
Baxter Internationa	Common Stock	071813109	333	6725	SOLE	NONE	6525
Best Buy Co. Inc.	Common Stock	086516101	21645	926177	SOLE	NONE	171300
Blackrock Inc.	Common Stock	09247X101	598	3356	SOLE	NONE	2438
Boeing Co.	Common Stock	097023105	967	13180	SOLE	NONE	10115
Boston Properties I	Common Stock	101121101	4525	45430	SOLE	NONE	21950
Cabot Oil & Gas Cor	Common Stock	127097103	5872	77370	SOLE	NONE	37300
Cantel Medical Corp	Common Stock	138098108	300	10747	SOLE	NONE	0
Capital One Financi	Common Stock	14040H105	42860	1013475	SOLE	NONE	175860
Celgene Corp.	Common Stock	151020104	247	3650	SOLE	NONE	3650
CenturyLink Inc.	Common Stock	156700106	5524	148487	SOLE	NONE	71778
CF Industries Holdi	Common Stock	125269100	539	3720	SOLE	NONE	2855
Chevron Corp.	Common Stock	166764100	51616	485111	SOLE	NONE	89325
Church & Dwight Co.	Common Stock	171340102	355	7750	SOLE	NONE	7750
Cisco Systems Inc.	Common Stock	17275R102	49561	2741229	SOLE	NONE	481620
Cliffs Natural Reso	Common Stock	18683K101	5036	80765	SOLE	NONE	39075
Comcast Corp. (Cl A	Common Stock	20030N101	44766	1888080	SOLE	NONE	326020
Comerica Inc.	Common Stock	200340107	4546	176215	SOLE	NONE	86475
Computer Sciences C	Common Stock	205363104	3085	130175	SOLE	NONE	63750
ConocoPhillips	Common Stock	20825C104	45966	630796	SOLE	NONE	112535
Cummins Inc.	Common Stock	231021106	744	8450	SOLE	NONE	6600
CVS Caremark Corp.	Common Stock	126650100	52000	1275124	SOLE	NONE	228235
Danaher Corp.	Common Stock	235851102	50187	1066892	SOLE	NONE	184420
Deere & Co.	Common Stock	244199105	332	4295	SOLE	NONE	4295
Devon Energy Corp.	Common Stock	25179M103	626	10100	SOLE	NONE	7280
DeVry Inc.	Common Stock	251893103	6002	156050	SOLE	NONE	74750
Diamond Offshore Dr	Common Stock	25271C102	32762	592879	SOLE	NONE	101475
DIRECTV	Common Stock	25490A101	551	12890	SOLE	NONE	9775
Discover Financial	Common Stock	254709108	6840	284980	SOLE	NONE	137350
DISH Network Corp.	Common Stock	25470M109	5380	188910	SOLE	NONE	90850
Dover Corp.	Common Stock	260003108	49032	844645	SOLE	NONE	146420
E.I. DuPont de Nemo	Common Stock	263534109	614	13420	SOLE	NONE	9830
East West Bancorp I	Common Stock	27579R104	257	13005	SOLE	NONE	0
Eaton Corp.	Common Stock	278058102	6454	148260	SOLE	NONE	75610
Eli Lilly & Co.	Common Stock	532457108	46149	1110419	SOLE	NONE	205855
Energizer Holdings	Common Stock	29266R108	5234	67550	SOLE	NONE	32700
Entergy Corp.	Common Stock	29364G103	48115	658652	SOLE	NONE	117720
Esterline Technolog	Common Stock	297425100	254	4537	SOLE	NONE	0
Everest Re Group Lt	Common Stock	G3223R108	5852	69595	SOLE	NONE	33140
Express Scripts Inc	Common Stock	302182100	258	5770	SOLE	NONE	5770
Exxon Mobil Corp.	Common Stock	30231G102	49353	582267	SOLE	NONE	109840
Fifth Third Bancorp	Common Stock	316773100	53147	4178258	SOLE	NONE	858080
First Horizon Natio	Common Stock	320517105	5561	695118	SOLE	NONE	334871
FirstEnergy Corp.	Common Stock	337932107	5622	126900	SOLE	NONE	58500
Freeport-McMoRan Co	Common Stock	35671D857	35454	963696	SOLE	NONE	175815
Gap Inc.	Common Stock	364760108	2893	155960	SOLE	NONE	75200
General Dynamics Co	Common Stock	369550108	46540	700803	SOLE	NONE	122820
General Electric Co	Common Stock	369604103	42574	2377124	SOLE	NONE	428675
Goldman Sachs Group	Common Stock	38141G104	28471	314845	SOLE	NONE	54627
Google Inc. (Cl A)	Common Stock	38259P508	1154	1787	SOLE	NONE	1368
Green Mountain Coff	Common Stock	393122106	269	6000	SOLE	NONE	6000
Guess? Inc.	Common Stock	401617105	5290	177390	SOLE	NONE	84770
Hartford Financial	Common Stock	416515104	3137	193050	SOLE	NONE	90100
Hasbro Inc.	Common Stock	418056107	5582	175040	SOLE	NONE	90660
HCP Inc.	Common Stock	40414L109	5139	124050	SOLE	NONE	59850
Helen of Troy Corp.	Common Stock	G4388N106	282	9199	SOLE	NONE	0
Hewlett-Packard Co.	Common Stock	428236103	30468	1182780	SOLE	NONE	207840
Home Depot Inc.	Common Stock	437076102	1009	24005	SOLE	NONE	17995
Hormel Foods Corp.	Common Stock	440452100	6377	217720	SOLE	NONE	102990
Hospira Inc.	Common Stock	441060100	5196	171085	SOLE	NONE	82225
Humana Inc.	Common Stock	444859102	5905	67400	SOLE	NONE	32550
I SHARES TR MSCI EA	Common Stock	464287465	901	18194	SOLE	NONE	2570
IntercontinentalExc	Common Stock	45865V100	445	3695	SOLE	NONE	3615
International Busin	Common Stock	459200101	665	3615	SOLE	NONE	248540
International Paper	Common Stock	460146103	42502	1435881	SOLE	NONE	0
Investment Technolo	Common Stock	46145F105	214	19838	SOLE	NONE	0
Itron Inc.	Common Stock	465741106	211	5890	SOLE	NONE	5890
Jabil Circuit Inc.	Common Stock	466313103	7375	375146	SOLE	NONE	180669
Jefferies Group Inc	Common Stock	472319102	4842	352110	SOLE	NONE	169600
Johnson & Johnson	Common Stock	478160104	45796	698319	SOLE	NONE	119010
Joy Global Inc.	Common Stock	481165108	615	8205	SOLE	NONE	6460
JPMorgan Chase & Co	Common Stock	46625H100	59715	1795949	SOLE	NONE	314870
Kennametal Inc.	Common Stock	489170100	5655	154850	SOLE	NONE	75150
Kimberly-Clark Corp	Common Stock	494368103	51551	700803	SOLE	NONE	129625
KLA-Tencor Corp.	Common Stock	482480100	5060	104880	SOLE	NONE	51450
Kohl's Corp.	Common Stock	500255104	27502	557287	SOLE	NONE	132065
Limited Brands Inc.	Common Stock	532716107	266	6600	SOLE	NONE	6600
Lincoln National Co	Common Stock	534187109	3174	163425	SOLE	NONE	80050
Mack-Cali Realty Co	Common Stock	554489104	3163	118500	SOLE	NONE	58250
Marathon Oil Corp.	Common Stock	565849106	41619	1421897	SOLE	NONE	247065
Marathon Petroleum	Common Stock	56585A102	21885	657402	SOLE	NONE	116600
Marvell Technology	Common Stock	G5876H105	30288	2186854	SOLE	NONE	381060
McKesson Corp.	Common Stock	58155Q103	39516	507202	SOLE	NONE	92565
Merck & Co Inc	Common Stock	58933Y105	52286	1386884	SOLE	NONE	238150
MetLife Inc.	Common Stock	59156R108	51200	1642065	SOLE	NONE	290641
Microsoft Corp.	Common Stock	594918104	48746	1877731	SOLE	NONE	348840
Morgan Stanley	Common Stock	617446448	356	23561	SOLE	NONE	13690
Motorola Solutions	Common Stock	620076307	35593	768915	SOLE	NONE	133420
Murphy Oil Corp.	Common Stock	626717102	47066	844388	SOLE	NONE	177425
Nabors Industries L	Common Stock	G6359F103	4372	252160	SOLE	NONE	123650
Newell Rubbermaid I	Common Stock	651229106	6366	394160	SOLE	NONE	190800
Newfield Exploratio	Common Stock	651290108	5385	142715	SOLE	NONE	68675
NII Holdings Inc.	Common Stock	62913F201	413	19400	SOLE	NONE	12610
Nordstrom Inc.	Common Stock	655664100	249	5000	SOLE	NONE	5000
Nuance Communicatio	Common Stock	67020Y100	521	20725	SOLE	NONE	15055
NVIDIA Corp.	Common Stock	67066G104	547	39480	SOLE	NONE	29035
OGE Energy Corp.	Common Stock	670837103	6209	109479	SOLE	NONE	52250
ON Semiconductor Co	Common Stock	682189105	5993	776267	SOLE	NONE	369571
Oracle Corp.	Common Stock	68389X105	35566	1386599	SOLE	NONE	256735
Packaging Corp. of	Common Stock	695156109	5098	201970	SOLE	NONE	97650
Parker Hannifin Cor	Common Stock	701094104	6044	79260	SOLE	NONE	38400
Patterson-UTI Energ	Common Stock	703481101	267	13350	SOLE	NONE	0
Peabody Energy Corp	Common Stock	704549104	286	8640	SOLE	NONE	0
Pepco Holdings Inc.	Common Stock	713291102	3826	188460	SOLE	NONE	87850
PepsiCo Inc.	Common Stock	713448108	1097	16530	SOLE	NONE	12810
PetSmart Inc.	Common Stock	716768106	241	4695	SOLE	NONE	4695
Pfizer Inc.	Common Stock	717081103	54367	2512358	SOLE	NONE	443487
Pinnacle West Capit	Common Stock	723484101	5702	118350	SOLE	NONE	58100
Pioneer Natural Res	Common Stock	723787107	5489	61345	SOLE	NONE	29625
Polaris Industries	Common Stock	731068102	203	3620	SOLE	NONE	3620
PPG Industries Inc.	Common Stock	693506107	5764	69035	SOLE	NONE	33450
priceline.com Inc.	Common Stock	741503403	513	1096	SOLE	NONE	796
Procter & Gamble Co	Common Stock	742718109	777	11640	SOLE	NONE	8930
Progress Software C	Common Stock	743312100	213	11024	SOLE	NONE	0
ProLogis Inc.	Common Stock	74340W103	4335	151640	SOLE	NONE	74350
QUALCOMM Inc.	Common Stock	747525103	688	12575	SOLE	NONE	9995
R.R. Donnelley & So	Common Stock	257867101	322	22340	SOLE	NONE	0
Regal-Beloit Corp.	Common Stock	758750103	5154	101121	SOLE	NONE	47620
Regency Centers Cor	Common Stock	758849103	4466	118715	SOLE	NONE	57100
Ross Stores Inc.	Common Stock	778296103	209	4400	SOLE	NONE	4400
Safeway Inc.	Common Stock	786514208	6190	294210	SOLE	NONE	142050
SanDisk Corp.	Common Stock	80004C101	503	10220	SOLE	NONE	7430
Schlumberger Ltd.	Common Stock	806857108	673	9850	SOLE	NONE	7680
Seagate Technology	Common Stock	G7945M107	6648	405350	SOLE	NONE	195700
Sensient Technologi	Common Stock	81725T100	5767	152160	SOLE	NONE	72130
Shaw Group Inc.	Common Stock	820280105	5529	205545	SOLE	NONE	100300
Sonoco Products Co.	Common Stock	835495102	5417	164350	SOLE	NONE	80650
St. Jude Medical In	Common Stock	790849103	47787	1393206	SOLE	NONE	291595
Staples Inc.	Common Stock	855030102	29154	2098910	SOLE	NONE	479820
State Street Corp.	Common Stock	857477103	45940	1139669	SOLE	NONE	197180
SunTrust Banks Inc.	Common Stock	867914103	5170	292100	SOLE	NONE	141750
Symantec Corp.	Common Stock	871503108	4484	286500	SOLE	NONE	136650
Sysco Corp.	Common Stock	871829107	27155	925839	SOLE	NONE	158010
Target Corp.	Common Stock	87612E106	266	5200	SOLE	NONE	5000
Texas Instruments I	Common Stock	882508104	204	7000	SOLE	NONE	7000
Tidewater Inc.	Common Stock	886423102	4080	82750	SOLE	NONE	39750
United Parcel Servi	Common Stock	911312106	366	5000	SOLE	NONE	5000
United Technologies	Common Stock	913017109	777	10635	SOLE	NONE	8310
United Therapeutics	Common Stock	91307C102	619	13100	SOLE	NONE	9680
UnitedHealth Group	Common Stock	91324P102	41983	828388	SOLE	NONE	149020
Verizon Communicati	Common Stock	92343V104	52997	1320958	SOLE	NONE	227670
Vertex Pharmaceutic	Common Stock	92532F100	580	17460	SOLE	NONE	13170
VF Corp.	Common Stock	918204108	38281	301445	SOLE	NONE	53610
Visa Inc.	Common Stock	92826C839	546	5380	SOLE	NONE	3875
W.R. Berkley Corp.	Common Stock	084423102	7136	207500	SOLE	NONE	100250
W.W. Grainger Inc.	Common Stock	384802104	5649	30180	SOLE	NONE	14505
Walgreen Co.	Common Stock	931422109	364	11000	SOLE	NONE	11000
Wells Fargo & Co.	Common Stock	949746101	42894	1556382	SOLE	NONE	275280
Whirlpool Corp.	Common Stock	963320106	5459	115050	SOLE	NONE	55500
Xcel Energy Inc.	Common Stock	98389B100	5534	200205	SOLE	NONE	98250
Zimmer Holdings Inc	Common Stock	98956P102	5660	105945	SOLE	NONE	50750
Zions Bancorp	Common Stock	989701107	5556	341260	SOLE	NONE	164750