Point stew out (4)
I believe the answer is:
west
'point' is the definition.
(west is a kind of point)
'stew out' is the wordplay.
'out' indicates anagramming the letters (out can mean wrong or inaccurate).
'stew' with letters rearranged gives 'WEST'.
(Other definitions for west that I've seen before include "The cardinal compass point of 270 degrees" , "Mae -, US actress; W" , "Small white dog" , "'Go ___ , young man'" , "One Direction" .)